Question

Sundry items of plant sold for 26000 had been entered in the sales book the total of which book had been posted to the sales account rectification? ​

Answer 1

Answer:

Please See The Attachment

Answer 2

Rectification entry will be-

Sales A/C DR 26,000

             To Sundry Items A/C 26,000

(Being rectification entry passed)

• Journal entries are records of a company's financial transactions. A journal is a book where these interactions are documented.
• The first phase of the accounting cycle begins with these entries.
• Every transaction is recorded in at least two accounts according to double-entry accounting, which is how journal entries are done.
• The sum of the debits and credits must equal the total of the credits, but the number of credits and debits need not be equal to comply with the rule of a journal entry.
• One debit but two or more credits, one credit and one or more debits, or even two or more credits and debits, are a few examples.

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