Question
You purchased stamps for your business - you paid $100 cash at the Post Office for the stamps. You debited Postage Expense and credited Accounts
You purchased stamps for your business - you paid $100 cash at the Post Office for the stamps. You debited Postage Expense and credited Accounts Payable for $100. Make the required correcting entry.
| Correct entry | Debit | Credit |
| incorrect entry | Debit | credit |
| Correcting entry | Debit | Credit |
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Auditing Quality Management Systems Keeping Your Quality Management System Relevant
Authors: Herne European Consultancy, Ray Tricker
1st Edition
0992758521, 978-0992758523
