Question
An Accounts Payable of balance of $-70 got posted to Accounts Receivable in amount of $70 in error. To reverse this out, do we credit
An Accounts Payable of balance of $-70 got posted to Accounts Receivable in amount of $70 in error.
To reverse this out, do we credit is the journal entry- Credit - AR 70 and Debit AP 70?
The oringinal amount was -70 in AP but it was a positive 70 in AR.
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Return Jahrgang 2018 Magazin Fur Transformation Und Turnaround
Authors: Stefanie Burgmaier, Hans Haarmeyer, Thorsten Garber
3rd Edition
365825601X, 9783658256012
