Question

Sale of office furniture was recorded in sales account. On rectification of this mistake which account will be credited?

• A. Suspense a/c
• B. Office furniture a/c
• C. Sales a/c
• D. none of these

Answer 1

The correct option is B Office furniture a/c

In the given situation:

Correct entry will be:

Bank A/c Dr.

To Office Furniture A/c

Wrong entry passed is:

Bank A/c Dr.

To Sales A/c

Rectification entry will be as under:

Sales A/c Dr.

To Office Furniture A/c