Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 21)
What is the electricity amount, what is the required entry for it?
A debit entry for twice the amount of the error.
A debit entry of \$200 to the account
A credit entry for twice the amount of the error.
A credit entry of \$100 to the account.
Explanation
A debit entry for twice the amount of the error and A credit entry for twice the amount of the error.
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