Rs 3000 received from a customer as an advance against order was credited to sales a/c

Dear Student, the solution to your query is here. 
 
Journal
Date Particulars L.F. Debit
Amount
(Rs)
Credit
Amount
(Rs)
           
  Sales A/c Dr.      
    To Advance Received A/c        
  (Advance received from customer credited to Sales Account, now rectified)        
         

  • 5

sales a/c Dr.. 3000

to suspense a/c 3000

(this is because the question doesnt give any information about cash and personal a/c so we take into consideration that they are rightly debited or credited. the only mistake was in sales a/c and that too a posting error....)

  • 2
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