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User A customer pays on an account and the payment was incorrectly posted as a debit to a revenue account. The credit was properly posted
User A customer pays on an account and the payment was incorrectly posted as a debit to a revenue account. The credit was properly posted to accounts receivable. This would cause:I AM UNSURE assets to be overstated. Unselected liabilities to be understated. Unselected revenue to be understated. Unselected capital to be overstated
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
