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Question

Which of the following account(s) will be affected, while rectifying the error of a purchase return of Rs.200 to Mr. A entered in sales book instead of purchase return book?

A
A's account only
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B
Sales account only
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C
Purchase returns account and sales account
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D
Purchases account only
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Solution

The correct option is A Purchase returns account and sales account
In accordance to the above transaction, the following will be the entries:

Wrong Entry:
Mr. A's a/c Dr. 200
To Sales a/c 200

Correct Entry:
Mr. A's a/c Dr. 200
To Purchase Return a/c 200

Rectification Entry:
Sales a/c Dr. 200
To Purchase Return a/c 200

Here, both sales and purchase return a/c will be affected while rectifying the above error. Hence, C is the correct option.

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