Goods worth Rs. 130 returned by G, were entered in sales book and posted there from to the credit side of G's [ersonal a/c.

Dear Student, the correct entry for goods returned by G for Rs 130 will be

Sales Return A/c Dr.
To G A/c
​But it was entered in Sales Book and posted to the credit side of G's A/c which implies G's A/c has been correctly recorded. Only Sales and Sales Return A/c are to be recitified. The following entry for rectification will be passed:
 

  Sales A/c Dr.   130  
  Sales Return A/c Dr.   130  
  To Suspense A/c       260

Hope this answers your query, for any further doubts, you can always revert back!!

  • 8
What are you looking for?