Rectify the following error: 1 Rs 12080 realised by selling old machinery credited to sales account - Accountancy - Trial Balance and Rectification of Errors

Question

Rectify the following error:
1 Rs 12080 realised by selling old machinery credited to sales
account

Jayati Jawa · Accepted Answer

Hi Karan

Wrong Entry

Bank A/c
Dr
12,080

To Sales A/c

12,080

Correct
Entry

Bank A/c
Dr
12,080

To Machinery A/c

12,080

Rectifying
Entry

Sales A/c
Dr
12,080

To Machinery A/c

12,080

Rectify the following error: 1. Rs 12080 realised by selling old machinery credited to sales account