Accounting for IGCSE & O level - Accounting Procedures (Section 12 - No. 34)
If a building was debited instead of repairs, which entry should be corrected?
Debit the building account and credit the repairs account.
Debit the repairs account and credit the building account.
Debit the repairs and credit the capital account.
Debit the building account and credit the capital account.
Explanation
Debiting the repairs account and crediting the building account is the correct method for correction.
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