Question
If a purchase return of ₹1,000 has been wrongly posted
to the debit of the sales returns account, but has been correctly entered in the suppliers’ account, the total of the:Solution
Purchase return is normally recorded on the credit side, but here it was wrongly debited to the sales return account, which is also a debit account. So, instead of crediting ₹1,000, we debited an additional ₹1,000. This causes a double error of ₹2,000 on the debit side.
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