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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

The accountant of a firm located the following error after preparing the trial balance. Used furniture sold for ₹ 350 was credited to the sales account. - Accountancy

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Question

The accountant of a firm located the following error after preparing the trial balance. Rectify them assuming that there is a suspense account.

Used furniture sold for ₹ 350 was credited to the sales account.

One Line Answer

Solution

Particulars L.F. Dr. (₹) Cr. (₹)
Sales A/c      Dr.
    To Furniture A/c
(Wrong credit rectified)
  350

350

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Chapter 9: Rectification of Errors - Exercises [Page 200]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 9 Rectification of Errors
Exercises | Q IV 12. (e) | Page 200

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