Rectification of Errors

General Accounting Principles

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Sales book is overcast by Rs. 400. Rectified entry –

Suspense a/c dr 400
To sales 400

Sales a/c dr 400

To suspense 400

Cash a/c dr. 400
To Sales 400

None of the above

Explanation:

If the sales are overcast that means it is over credited i.e sales are always credited and in this case it has gone over and above the required amount. So it has to be reversed and no other part of journal is given here.

By: Munesh Kumari

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