Question

sold goods to vinod ruppes 950 entered in sales book as rupees 590​

Answer 1

As per your question, this one must be a question from the chapter 'Rectification of errors'. So I'll be posting the answer related to that. Here it is:

The journal entry that should be done is:

Vinod A/c Dr. 950

To Sales A/c 950

But the incorrect entry that has been done is:

Vinod A/c Dr. 590

To Sales A/c 590

Since the incorrect entry for sales is less than the actual one, it is a case of undercast. Therefore to rectify this error we again pass the same entry but with the remaining amount that is Rs.950-Rs.590 = Rs.360(since this amount of sales hasn't been recorded).

So here is the rectified entry (which you are supposed to write in your exams):

Vinod A/c Dr. 360

To Sales A/c 360

Happy to help