Accounting for IGCSE & O level - Accounting Procedures (Section 18 - No. 11)
The sales commission was posted for £400 and the actual amount was £160, which of the following will be the result of the correction?
Increase the sales account by £240
Decrease the sales account by £240
Increase the expense account by £240
Decrease the expense account by £240
Explanation
The expense will be decreased by £240.
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