MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Rectification of Casting Errors

When sales bo...

Question

When sales book is undercast, which of the following accounts will have error?

A

Cash Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Sales Account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Debtors Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Sales & Debtors Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Sales Account

When sales book is undercast, only sales account will have error

Suggest Corrections

thumbs-up

1

Similar questions

Q. Which of the following errors will affect the Trial Balance?
(i) The total of the Sales Book has not been posted to the Sales Account.
(ii) ₹ 1,000 paid as installation charges of a new machine has been debited to Repairs Account.
(iii) Goods costing ₹ 4,000 taken by the proprietor for personal use have been debited to Debtors’ Account.
(iv) ₹ 1,000 paid for repairs to building have been debited to Building Account.

Error of undercasting sales return book is rectified by _____ the sales returns account.

Q. Total sales during the financial year amounted to Rs.25 lakh out of which Rs.5 were received in next financial year when the debtors were realized, however, the firm accounted sales as Rs. 25 lakh in the same financial year. The firm is following ______ system of Accounting.

Q. Total of sales book is ________ to sales accounts.

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

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Rectification of Errors

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Rectification of Casting Errors

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon