Overcast entry
Amanverma (fresher) (24 Points)
12 November 2019
What the entry for..Over cast sale is Rs.500/-
4 Replies
sabyasachi mukherjee
(27574 Points)
Replied 12 November 2019
If it is posted then a separate rectification entry.
sales dr.
credit. suspense.
after summation of all these entries .
a balance will appear .
which has recasted.
sales dr.
credit. suspense.
after summation of all these entries .
a balance will appear .
which has recasted.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 November 2019
You just reverse the same ledger...
Surjeet Negi
(947 Points)
Replied 12 November 2019
Sales a/c ...Dr 700
To suspense a/c
(being sales book was overcasted)
To suspense a/c
(being sales book was overcasted)
Kapadia Pravin
(17259 Points)
Replied 13 November 2019
Sales books overcasted means sales booked more by Rs 500 and Debtors also booked higher by Rs 500/-
I don't consider this as totalling error under computerised accounting
Simply do -. Sales Dr. and sundry Debtors XYZ Cr. by Rs 500/-
I don't consider this as totalling error under computerised accounting
Simply do -. Sales Dr. and sundry Debtors XYZ Cr. by Rs 500/-
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
