RECTIFICATION OF ERRORS

Accountancy

Sir why is SALES A/C.......DR instead of cash A/C??? Because selling furniture we will get cash and cash a/c should be debited right???

Prathmesh kharul

CA Foundation

★ 3K+

10-May-23 19:54

383

Answers (1)

Correct entry Cash A/c Dr. To Furniture A/c Wrong entry passed Cash A/c Dr. To Sales So reverse the impact of sales, we debit sales. SInce cash account is already debited, there is no need to debit it again

CA Suraj Lakhotia

Admin

11-May-23 14:34