An error involving excess debit in account is rectified by corresponding ___ By the amount that is in excess.

Debit

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Credit

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Suspense Account

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None of the above

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Solution

The correct option is B
Credit

The rectification process essentially involves cancelling the effect of wrong debit by reversing it through credit.

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Similar questions

[dummy - to be removed] An error involving excess debit in account is rectified by corresponding ___ By the amount that is in excess.

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