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 byRs- 2-500- For this error- which of the following can be a rectifying entry-A- Sohan-s account debit - Mohan-s account credit by Rs- 1-000B- None of the aboveC- Mohan-s account debit - Sohan-s account credit by Rs- 1-000D- Debit the profit - loss account by Rs- 1-000

The correct option is A Sohan #39;s account debit amp; Mohan #39;s account credit by Rs. 1,000 The rectifying entry shall be Sohan's account debit am ...

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Byju's Answer

Standard XI

Accountancy

Rectification for Posting of Wrong Amount

Sohan's A/c i...

Question

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?

Sohan's account debit & Mohan's account credit by Rs. 1,000

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Mohan's account debit & Sohan's account credit by Rs. 1,000

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Debit the profit & loss account by Rs. 1,000

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None of the above

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Solution

The correct option is A
Sohan's account debit & Mohan's account credit by Rs. 1,000

The rectifying entry shall be Sohan's account debit & Mohan's account credit by Rs. 1,000.

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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?

The correct option is A Sohan's account debit & Mohan's account credit by Rs. 1,000 The rectifying entry shall be Sohan's account debit & Mohan's account credit by Rs. 1,000.

The correct option is A
Sohan's account debit & Mohan's account credit by Rs. 1,000

The rectifying entry shall be Sohan's account debit & Mohan's account credit by Rs. 1,000.