Which of the following account(s) will be affected while rectifying the following error?
Sales to Ram Rs.336 recorded in the books of original entry as Rs.363.

Sales Account

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Ram's Account

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Cash Account

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Both Sales and Ram's Account

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Solution

The correct option is C Both Sales and Ram's Account
The amount debited to Ram account is more than what should have been debited. The same goes for the amount credited to Sales account. Hence, Ram and Sales account are affected with overstated value of Rs.27.

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Similar questions

Which of the following account(s) will be affected, when an error is made in recording sales to Rahim of Rs. 336 wrongly recorded as Rs. 363?

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