Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A payment to a credit supplier for 70 has been posted as DR Bank 70, CR Payables 70 (+ CR Supplier account 70). What is
A payment to a credit supplier for 70 has been posted as DR Bank 70, CR Payables 70 (+ CR Supplier account 70).
What is the journal to correct this?
| DEBIT/CREDIT | VALUE | ||
| Payables | |||
| Bank | |||
| + | Supplier account |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Materiality In Financial Reporting An Integrative Perspective
Authors: Francesco Bellandi
1st Edition
178743737X, 9781787437371
