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Overcast entry
What the entry for..Over cast sale is Rs.500/-
Replies (4)
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.
sales dr.
credit. suspense.
after summation of all these entries .
a balance will appear .
which has recasted.
You just reverse the same ledger...
Sales a/c ...Dr 700
To suspense a/c
(being sales book was overcasted)
To suspense a/c
(being sales book was overcasted)
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/-
I don't consider this as totalling error under computerised accounting
Simply do -. Sales Dr. and sundry Debtors XYZ Cr. by Rs 500/-
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