In the accounts of T Lasiandra, inventory was purchased on credit from D Shores for $1617 ($1470
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In the accounts of T Lasiandra, inventory was purchased on credit from D Shores for $1617 ($1470 + $147 GST). However, there was an error and its entry and processing in the purchases journal was for $1716
($1560 + $156 GST). A creditors ledger operates using control accounts.
You are required to correct this error in the accounts of T Lasiandra 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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