asked 228k views
5 votes
Sales has being overcast by 5000

1 Answer

12 votes

Answer:

When sales are overcast, it means that the amount of credit sales recorded is higher than the actual amount of credit sales made.

To fix this, send the overcasted amount to the Suspense account and debit the Sales account.

Date Account Title Debit Credit

Sales $5,000

Suspense a/c $5,000

answered
User Jacob Krall
by
8.3k points
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