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A payment of R 7 219 was recorded, in error, as R 7 719 in the books of the business. The correction needed will be
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A payment of R 7 219 was recorded, in error, as R 7 719 in the books of the business. The correction needed will be made as an:
a. Entry in Cash Receipts Journal, R 500
b. Entry in Cash Payments Journal, R 500
c. Debit bank reconciliation statement, R 500
d. Credit bank reconciliation statement, R 500
A payment of R 7 219 was recorded, in error, as R 7 719 in the books of the business. The correction needed will be made as an:
| a. | Entry in Cash Receipts Journal, R 500 | |
| b. | Entry in Cash Payments Journal, R 500 | |
| c. | Debit bank reconciliation statement, R 500 | |
| d. | Credit bank reconciliation statement, R 500 |
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