State the account/s affected in each of the following errors: 1. Goo

1.	State the account/s affected in each of the following errors: 1. Goods sold to Vasu on credit for Rs. 1,000 was not recorded in the sales book. 2. The total of sales book Rs. 2,500 was posted twice.
Answer» 1. Sales account should be credited with Rs. 1,000. 2. Sales account should be debited with Rs. 2,500

State the account/s affected in each of the following errors: 1. Goods sold to Vasu on credit for Rs. 1,000 was not recorded in the sales book. 2. The total of sales book Rs. 2,500 was posted twice.

Answer»

1. Sales account should be credited with Rs. 1,000.

2. Sales account should be debited with Rs. 2,500

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State the account/s affected in each of the following errors: 1. Goods sold to Vasu on credit for Rs. 1,000 was not recorded in the sales book. 2. The total of sales book Rs. 2,500 was posted twice.

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