Multiple choice

A sale of Rs. 7800 to Sohanlal has been posted to Mohanlal. Which of the following journal entries will correct this error?

  1. Debit Mohanlal's account and credit Sohanlal's account with Rs. 15600

  2. Debit Sohanlal's account and credit sales account with Rs. 7800

  3. Debit Sohanlal's account and credit Mohanlal's account with Rs. 7800

  4. Debit sales account and credit Mohanlal's account with Rs. 7800

  5. None of the above entries will correct the error.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is error of ommission and transfer needs to be made between both the accounts. This journal entry is required to be transferred so that their is no unauthorized transfer between two accounts.

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