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Journal entries to rectify

Accountancy

Credit sale of old machinery to sohan for 1700 was entered in the sales book for 7100 Mention actual entry, wrong entry and rectified entry


Priyamvatha Parthasarathy

Priyamvatha Parthasarathy

CA Foundation

5K+

27-Jul-22 20:12

831

Answers (6)

WRONG ENTRY Machinery a/c Dr. 7100 To Sales a/c 7100 CORRECT ENTRY Machinery a/c Dr. 1700 To Sales a/c 1700 ADJUSTED ENTRY Sales a/c Dr. 5400 To Machineru a/c 5400


Thread Starter

Priyamvatha Parthasarathy

Hey thanks...but I have a different answer in my book

It may be some error in the module ... But in exam point of view you have to do the crt rectified entry are u got it...... Sister.


Balachandar S

Balachandar S

CA Inter

59K+

27-Jul-22 20:48

Sorry ,I said the wrong answer, the correct answer is 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 Sohan a/c 5400 To Machinery a/c 1700


Rupa Devi Akkala

Rupa Devi Akkala

CA Final

37K+

27-Jul-22 22:00

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