Which of the following options is the correct rectification entry for the given transaction? Credit sales of ₹5100 to Jai recorded as credit sales to Jai as ₹1500
Jai A/c Dr. 3600 To Sales A/c 3600
Credit sales of Rs. 5100 to Jai were wrongly recorded as Rs. 1500. Both Jai's A/c (debit) and Sales A/c (credit) were under-recorded by Rs. 5100 - Rs. 1500 = Rs. 3600. To rectify, debit Jai's A/c by the shortfall and credit Sales A/c by the same amount.
Rectification entry: Jai A/c Dr. 3600 To Sales A/c 3600.
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