Question

Goods sold to Nisha for Rs.475 have been wrongly entered in sales books as Rs745​

Answer 1

Answer:

Nisha

goods sold to books =Rs 475

sale books =Rs 745

=Rs 745-475

=Rs 270

Answer 2

The correct question is:

Goods sold to Nisha for Rs.475 have been wrongly entered in sales books as Rs745​. Show the reconciliation entry.      

Answer:

          In the books of journal entry

wrong entry                               correct entry

bank A/C dr.  745                bank A/C dr.   475    

 sales A/C              745          sales A/C                475

so, after reconciliation journal will be-

       sales A/c Dr.                  270

           To, suspense A/C                     270

note:

Reconciliation is an accounting method that relates two sets of documents to check that figures are correct and in agreement. Account reconciliation also authenticates that accounts in the general ledger are consistent, accurate, and complete.