In case of undercasting, the total of sales book is short cast or in other words credited short. Its rectification will be to make a posting at the ___ side of the sales account.

Debit

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Credit

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Either A or B

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None of the above

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Solution

The correct option is B
Credit

Its rectification will be to credit sales account or make a posting at the credit side of the sales account.

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Similar questions

Is it correct that individual accounts of customers is debited by the respective amount and the total of the sales book is posted to the credit side of the sales account in the general ledger ?

Q. Sale of office furniture was recorded in sales account. On rectification of this mistake which account will be credited?

Rectify the following errors by opening a suspense account credit side of the trial balance was cast short and the difference of trial account.

1) Paid Rs 700 to Nishigandha was debited to pritigantha account.
2) Total of sales book cast short by Rs 175.
3) Purchased goods casting Rs 690 on credit from shrawani was recorded in the purchase book but failed to credit shrawani account.
4) Total of purchase book was Overcast by Rs 95.
5) Received Rs 548 from Firoz on account was correctly recorded in cash account but Firoz account was credited by Rs 584.
6) Paid Advertisement Expenses amounted to Rs 350 was wrongly recorded twice in the Advertisement account.

Q. account is debited while recording credit sales in books of account.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7,000 were posted to the credit of his account.

(b) Credit purchase from Rohan Rs. 9,000 were posted to the debit of his account as Rs. 6,000.

(d) Goods returned from Mahesh Rs. 1,000 were posted to the debit of his account as Rs. 2,000.

(e) Cash sales Rs. 2,000 were posted to the debit of sales account as Rs. 5000.

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In case of undercasting, the total of sales book is short cast or in other words credited short. Its rectification will be to make a posting at the ___ side of the sales account.

The correct option is B Credit Its rectification will be to credit sales account or make a posting at the credit side of the sales account.

The correct option is B
Credit

Its rectification will be to credit sales account or make a posting at the credit side of the sales account.