Accounting & Finance for Bankers - 1 (JAIIB)

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What will be the journal entry if credit sales of Rs. 15400 of X Ltd. have been entered in sales day book as Rs. 14500. Which of the following entries will correct this error?

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Debit X Ltd. account and credit sales account with Rs. 15400

Debit X Ltd. account and credit sales account with Rs. 900

Debit sales account and credit X Ltd. account with Rs. 900

Debit cash account and credit sales account with Rs. 900

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Accounting &amp; Finance for Bankers - 1 (JAIIB)

Question 1 of 120

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Accounting & Finance for Bankers - 1 (JAIIB)