Question

Sale of an old machine for Rs 4500 was posted to sales account .... rectify errors

Answer 1

sales account Dr 4500
.....to machinery Account 4500
(Being old machinery sold but wrongly credited sales account was rectified)

Answer 2

*The wrong entry is
Cash a/c- Dr
To sales a/c
*The Right entry is
Cash a/c -dr
To machinery a/c
*the rectified entry is
Sales a/c - Dr
To machinery a/c
#As sales is Nt required here we simply reverse it with debiting it nd as we need machinery in credit we credited it