Question

Explain wrong totalling as errors of commission by giving an example. Show its rectification by making journal entry.

Answer 1

Explanation:

1. eg. sales book carry forward 845 instead 854

here sales book under caste by ₹9

so rectification entry be

suspense a/c Dr 9

to sales a/c 9

2. eg sales book carry forward 854 instead 845.

here sales book over valued by 9

so rectification entry be

sales a/c Dr 9

to suspense a/c 9