Sales return account is overcasted by Rs 1000. To rectify this, which account shall be debited by Rs 1000?

Sales account

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Sales return account

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Suspense account

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None of the above

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Solution

The correct option is C
Suspense account

Rectifying entry will be:
Suspense account Dr rs 1000
To Sales Return account Cr rs 1000

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Sales return account is overcasted by Rs 1000. To rectify this, which account shall be debited by Rs 1000?

The correct option is C Suspense account Rectifying entry will be: Suspense account Dr rs 1000 To Sales Return account Cr rs 1000

The correct option is C
Suspense account

Rectifying entry will be:
Suspense account Dr rs 1000
To Sales Return account Cr rs 1000