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pantera1 [17]
3 years ago
13

Sales has being overcast by 5000

Business
1 answer:
Leno4ka [110]3 years ago
7 0

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

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