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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
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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]
