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.
Important Questions from Financial Inclusion
The Government of India has been actively working on the provisions of ‘FRDI’ Bill, 2017. What does ‘D’ stand for in ‘FRDI’?
RBI financial inclusion index (FI-Index) quality parameter captures information on which of the following:
A. Financial literacy
B. Consumer protection
C. Ease of access
D. Availability and usage
E. Inequality and deficiency in service
Choose the correct answer from the options given below:
- To support incubating startups that work in the field of livelihood, education and health Bharat Inclusion Initiative is launched. Which institute has launched this initiative?
_____________ is looking to tap into as it seeks to encourage people to gift ‘social security’ plans to their loved ones.
Accidental insurance cover in Pradhan Mantri Jan Dhan Yojna has been increased from 1 lakh to _____________ (PMJDY).
