Question
IF I accidentally record an entry twice for example ( Dr expanse and CR cash) or ( DR sells revenue CR account receiveable) based on
IF I accidentally record an entry twice for example ( Dr expanse and CR cash) or ( DR sells revenue CR account receiveable) based on these two examples briefly describe how a reversing journal entry can correct the wrong entry?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
A reversing journal entry can correct a duplicated entry or any other erroneous entr...
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
