In the accounts of P Toona, an account payable tax invoice for office equipment from G Heath
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In the accounts of P Toona, an account payable tax invoice for office equipment from G Heath for $8415 ($7650
+ $765 GST) was erroneously entered and processed in the purchases journal as $5148 ($4680 + $468 GST).
Subsidiary ledgers are used for creditors.
You are required to correct this error in the accounts of P Toona by preparing:
a pro forma general journals showing:
i what the entry should have been ii what the erroneous entry was iii in general journal format, what the correction journal entry is b reversal and correcting general journals.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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