Accounting for IGCSE & O level - Accounting Procedures (Section 4 - No. 32)
What are the corrections required in the journal before correcting the above errors. (The first has been completed for you)
Debit wages $45 and credit bank $45
Debit Drawings $45 and credit wages $45
Debit wages $45 and credit drawings $45
Debit bank $45 and credit wages $45
Explanation
The correct correction is to debit wages for $45 and credit bank for $45.
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