Question

Rectify the following through a journal entry.
sale of old car for 10000 whose book value was 6000 was wrongly entered in the credit side of the sales account for 6000​

Answer 1

Answer:

The rectification entry will be-

Sales A/c                  Dr.    6000

         Car A/c                           6000

Answer 2

Answer:

Rectify entry

sale account. dr 6000

suspense account dr 4000

To old car a/c. 10000