Question

Rs.60/- owing by a customer had been omitted from the schedule of debtors

Answer 1

Debtors A/c             Dr. Rs.60

             To Sales A/c                 Rs.60

Explanation:

• A journal entry is characterized as the chronological record of day-to-day economic, as well as, non-economic transactions.
• In the given case, the amount mistakenly remained unrecorded in the A/C of debtors.
• Thus, making the entry by debiting the debtors' A/c and crediting the sales A/c with Rs. 60 to rectify this omission.

Learn more: Journal Entry

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