Manish A/c is credited by Rs. 4500 while Manish A/c was to be debited by the same amount. Which of the following is correct?
Manish`s account shall be debited by Rs 4500
Manish`s account shall be debited by Rs 9000
Manish`s account shall be credited by Rs 4500
Manish`s account shall be credited by Rs 9000
In this case, Manish`s account shall be debited by Rs 9000.
Salary paid to Ram Rs 10,000 for the month of August was recorded to his personal account. To rectify this,___ Account shall be debited & ___ Account shall be credited by Rs 10,000.
Rs 1000 paid for installation of a new machine is debited to Repairs account. Which accounts shall be debited & credited?
Sohan’s A/c is debited by Rs. 2,500 while it was to be debited by Rs. 3,500 and Mohan’s A/c is debited by Rs. 3,500 while the same was to be debited by Rs. 2,500. For this error, which of the following can be a rectifying entry?
Goods purchased from Ravi on credit for Rs 450 has been recorded as for Rs 540. To rectify the same, which account shall be debited by Rs 90 ?
Sales return account is overcasted by Rs 1000. To rectify this, which account shall be debited by Rs 1000?