By mistake, the credit sales to ABC of Rs.6,000 were recorded as Rs.600. To rectify the same error account is credited.

Suspense

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ABC

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Sales return

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Sales

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Solution

The correct option is D Sales
The sales account is short credited by Rs.5,400(6,000-600). To rectify the same, sales account is credited by Rs.5,400.

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Similar questions

Credit sales of Rs 6000 was recorded as Rs 600 by mistake. Which of the following accounts shall be credited to rectify the same?

Credit sales to Mohan Rs. 1,000 were recorded as Rs. 10,000 in the sales book. To rectify the same, the sales account shall be ___

Rectify the following errors

(i) Credit sales to Mohan Rs. 7,000 were recorded as Rs. 700.

(ii) Credit purchase from Rohan Rs. 9,000 were recorded as Rs. 900.

(iii) Goods returned to Rakesh Rs. 4,000 were recorded as Rs. 400.

(iv) Goods returned from Mahesh Rs. 1,000 were recorded as Rs. 100.

(v) Furniture purchased on credit from kartik for Rs. 60,000 posted as Rs. 6,000.

(vi) Furniture purchased on credit from Kartik for Rs. 60,000. posted to Jatin's account.

(vii) Furniture purchased on credit from Kartik for Rs. 60,000 posted to machinery account.

Trial balance of Anuj did not agree. It showed an excess credit of Rs 6,000.

He put the difference to suspense account. He discovered the following erro Rs

(a)	Cash received from Ravish Rs 8,000 posted to his account as Rs 6,000.
(b)	Returns inwards book overcast by Rs 1,000.
(c)	Total of sales book Rs 10,000 was not posted to Sales account.
(d)	Credit purchases from Nanak Rs 7,000 were recorded in sales Book. However, Nanak’s account was correctly credited.
(e)	Machinery purchased for Rs 10,000 was posted to purchases account as Rs 5,000. Rectify the errors and prepare suspense account.

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