Please answer quickly..credit sale to D 2800 posted as 8200 before preparing the trial balance...how we can know that which side is wrongly posted
Dear Student,
It is given that Credit sales to D Rs 2,800 has been posted as Rs 8,200 before preparation of Trial Balance. Now there may arise two situations :
a) Firstly, either both side posted by Rs 8,200 ; in that only then it would be realised that amount posted wrongly when we would be receiving payment from D;
b) Secondly, if only one of the sides has been posted with wrong amount ; then it can be identified when trial balance will not Tally; then after investigation the details can be reached.
Hope this clarifies your doubt. Keep posting!!
Regards,
It is given that Credit sales to D Rs 2,800 has been posted as Rs 8,200 before preparation of Trial Balance. Now there may arise two situations :
a) Firstly, either both side posted by Rs 8,200 ; in that only then it would be realised that amount posted wrongly when we would be receiving payment from D;
b) Secondly, if only one of the sides has been posted with wrong amount ; then it can be identified when trial balance will not Tally; then after investigation the details can be reached.
Hope this clarifies your doubt. Keep posting!!
Regards,