Rectification entry

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620 Points Joined January 2012
what will be the Correct entry & rectificated entry. "A cheque for Rs 100Receive from Mohan was dishonoured and had been posted to the debit of sales return a/c."
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On 06 September 2012 at 17:17 Report
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Chartered Accountant
3228 Points Joined August 2011
Mohan A/c should be debited and sales return a=c should be credited
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On 06 September 2012 at 17:25
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Chartered Accountant
3652 Points Joined September 2008

Correct Entry(at the time of dishonour):

Mohan A/c Dr.

     To Bank A/c

 

Wrong Entry:

Sales Return A/c Dr.

       To Bank A/c

 

Rectified Entry:

Mohan A/c Dr.

      To Sales Return A/c

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On 06 September 2012 at 17:49


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