Accounting for IGCSE & O level - Accounting Procedures (Section 7 - No. 38)
In the books of finance, a $5000 of goods sold on credit to B. Gray had been incorrectly entered to the sales account but had been omitted from the account of B. Gray. What is the correct journal entry?
Debit B. Gray $5000.
Credit Sales account $5000.
Debit sales account $5000.
Credit B. Gray $5000.
Explanation
B. Gray and Sales Account must be entered to correct the error.
Comments (0)
