Cash sales to Ram amounting Rs 1000 was recorded as a sale of Rs 100 by mistake. Which of the following is correct with regards to rectification of this mistake?

Ram`s account shall be debited by Rs 900

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Sales account shall be credited by Rs 900

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Cash Account shall be debited by Rs 900

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B & C Both

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Solution

The correct option is D
B & C Both

To rectify this error cash account shall be debited & Sales account shall be credited by Rs 900.

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Cash sales to Ram amounting Rs 1000 was recorded as a sale of Rs 100 by mistake. Which of the following is correct with regards to rectification of this mistake?

The correct option is D B & C Both To rectify this error cash account shall be debited & Sales account shall be credited by Rs 900.

The correct option is D
B & C Both

To rectify this error cash account shall be debited & Sales account shall be credited by Rs 900.