Error Rectification in accounting - Explanation with examples
Interactive
Question 1 of 70Score: 0
Rectify: (1) Sales book overcast by ₹3,500; (2) Goods purchased ₹12,000 debited to Furniture; (3) Cash received from customer ₹4,000 posted to debit; (4) Discount received ₹600 posted to Discount Allowed; (5) Purchase return ₹2,000 omitted. What is the rectification entry for item 4?
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