Please help

so this is a question from study material of cpt (accounts)

rectify following errors:

1.goods sold and recorded as sales for rs.4000,were packed.however stock taking intervened and the parcel of goods was not despatched but was included in stock in hand.the title of goods has not been transferred to buyer.

now the rectification entry is given as:-

sales a/c dr. 4000

To sundry debtors a/c 4000

(Entry for credit sales reversed)

my questions are:-

1.where has it been mentioned that this is a credit sales?

2.what is title of goods not transferred means?i mean without it how can one say it is sales?

please reply i am confused

Replies (2)
See first of all what we do take is when their isnt any name given we assume it to be credit sales for ur andwer no. 1
And for ur 2 que. I would say the realisation concept says that whenever u realise the sales u have to record it, and the question mentions it that sales had been recorded and stock taking is intervened Its just like u have someone elses nee thing and u know its not urs and u have to give it soon! But till that time u have to take proper care of it!

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