Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: A trial balance will remain in agreement if the Sales account is over-credited by ₹1,000 and the Purchases account is simultaneously over-debited by ₹1,000. Reason R: Compensating errors consist of two or more errors that cancel each other out, maintaining the mathematical equality of total debits and total credits despite the misstatement of individual accounts. In the light of the above statements, choose the most appropriate answer from the options given below:

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Accounting · Rectification of Errors

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both A and R are correct and R is the correct explanation of A

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Answer 1

Both A and R are correct and R is the correct explanation of A

Answer 2

Both A and R are correct but R is NOT the correct explanation of A

Answer 3

A is correct but R is not correct

Answer 4

A is not correct but R is correct

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