credit sale of goods to sunil amounting to 5000 was posted to the A/c of Surmil
plz help
Share
credit sale of goods to sunil amounting to 5000 was posted to the A/c of Surmil
plz help
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
This error will have double affect on trial balance as instead of credit to sales account, a debit is posted in purchase account. To rectify the error, following rectification entry need to be passed in books of account:
Santhanam A/c Dr. 2000
To Sales A/c 1000
To Purchase A/c 1000