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Question
Rectify the following error before preparing the trial balance:
The total of purchases returns book was carried forward ₹ 450 less.
Solution
Purchases returns account should be credited with ₹ 450.
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RELATED QUESTIONS
Goods returned by Senguttuvan were taken into stock, but no entry was passed in the books. While rectifying this error, which of the following accounts should be debited?
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