Millionaire Mode

Accounting & Finance for Bankers - 1 (JAIIB)

Question 1 of 120

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?

  1. Debit X Ltd. account and credit sales account with Rs. 15400
  2. Debit X Ltd. account and credit sales account with Rs. 900
  3. Debit sales account and credit X Ltd. account with Rs. 900
  4. Debit cash account and credit sales account with Rs. 900
  5. None of these

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000