how to rectify: Credit sale of old machinery to Sohan for rs 1700 was entered in the sales book for - Accountancy - Trial Balance and Rectification of Errors

Question

how to rectify: Credit sale of old machinery to Sohan for rs 1700
was entered in the sales book for 7,100 Also show the
rectification, wrong and correct entry and the steps to rectify
them with proper logic

Komal Rani · Accepted Answer

Dear Student

JOURNAL

Particulars
L
F

Debit

Credit

Wrong
Entry

Sohan
A/c

Dr

7100

To Sales
A/c

7100

Correct
Entry

Sohan
A/c

Dr

1700

To
Machinery A/c

1700

Rectified
Entry

Sales
A/c

Dr

7100

To
Machinery A/c

1700

To
Suspense A/c

5400

Regards

JOURNAL
Particulars		L.F.	Debit	Credit
Wrong Entry
Sohan A/c	Dr.		7100
To Sales A/c				7100

Correct Entry
Sohan A/c	Dr.		1700
To Machinery A/c				1700

Rectified Entry
Sales A/c	Dr.		7100
To Machinery A/c				1700
To Suspense A/c				5400

how to rectify: Credit sale of old machinery to Sohan for rs 1700 was entered in the sales book for 7,100. Also show the rectification, wrong and correct entry and the steps to rectify them with proper logic