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Say for example:
Goods sold to a company is wrongly debited in sales account.
This error is effecting only sales account as the amount which should have been posted on the credit side has been wrongly placed on debit side of the same account. In order to rectify, we should put double the amount of transaction on the credit side of the same account.
at the time of correction a mistake ..............
Agree with mr mujtaba Ali..
The accounting error in the input Reverse enrollment and to clarify the cause of the error correctionExampleThe proof of purchase of goods and recognized in inventory and increase inventory turns at a deficit in the inventory entry for the error in this case is wrong and work permit exchange of stores to straighten inventory balance correction
Entry versa replace , enter the correct input
Agreed with Mr Mir mujtaba
Thank you for the invitation and agreed with Alasta y Ayman
should
Registering journal entry opposite with original amount
ex
sale inv value100 SR
*- passed entry mistake by double amount
200 ac / cash
to
200 ac / sales
*- to correct entry
100 ac / sales
to
100ac / cash
or*************************
*- cancel first entry
200 ac / sales
to
200 ac / cash
*- register the entry correctly
100ac / cash
to
100ac / sales
