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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

State the account/s affected in the following error: Goods purchased on credit from Saranya for ₹ 150 was posted to the debit side of her account. - Accountancy

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Question

State the account/s affected in the following error:

Goods purchased on credit from Saranya for ₹ 150 was posted to the debit side of her account.

One Line Answer

Solution

Purchases from Saranya should have been posted to the credit of Saranya’s A/c, but it has been debited. Hence, credit Saranya’s A/c with double the amount i.e., Rs. 300.

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Errors at Different Stages of Accounting
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Chapter 9: Rectification of Errors - Exercises [Page 198]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 9 Rectification of Errors
Exercises | Q IV 1. (a) | Page 198
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