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Overcast entry

Amanverma (fresher) (24 Points)

12 November 2019

What the entry for..Over cast sale is Rs.500/-

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4 Replies

sabyasachi mukherjee (26057 Points)
Replied 12 November 2019

If it is posted then a separate rectification entry.
sales dr.
credit. suspense.
after summation of all these entries .
a balance will appear .
which has recasted.

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 12 November 2019

You just reverse the same ledger...

Surjeet Negi (947 Points)
Replied 12 November 2019

Sales a/c ...Dr 700
To suspense a/c
(being sales book was overcasted)

Kapadia Pravin (17249 Points)
Replied 13 November 2019

Sales books overcasted means sales booked more by Rs 500 and Debtors also booked higher by Rs 500/-

I don't consider this as totalling error under computerised accounting

Simply do -. Sales Dr. and sundry Debtors XYZ Cr. by Rs 500/-