Urgent -accounting mistake in last fy

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abc
154 Points Posted on 25 November 2014

actual entry
debtors    100000 dr
   sales             90000 cr
   vat               10000 cr

entry done
debtors     100000 dr
   sales             85000 cr
   vat               15000 cr

how shall i rectify the error in fy 13-14

since it is a proprietorship firm
should i debit vat & credit capital a/c

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On 25 November 2014 at 12:30 Report
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Practising CA
5649 Points Posted on 26 November 2014
Revise last year vat return and bring refund to the tune of rs.5000..... In current year.Pass journal entry Dr.Vat 5000 Cr Prior period item 5000. Dr prior period item 5000 cr sales 5000.
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On 26 November 2014 at 00:45
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Trainer
38 Points Posted on 28 November 2014

vat A/c Dr,  5000

To Profit and loss Appropriation 5000

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On 28 November 2014 at 18:21
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Student CA Final
119 Points Posted on 05 December 2014

treatment by applying AS-5

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On 05 December 2014 at 17:42

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