Question
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
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
