Accounting for IGCSE & O level - Accounting Procedures (Section 9 - No. 28)
A payment of $230 for those purchased on credit from M. Shah had been debited in error to the trade payable account for J. Shah. Which of the following statement is correct?
Debit M. Shah; Credit J.Shah
Debit J. Shah; Credit M. Shah
No impact
Debit trade payable by the amount.
Explanation
Debit J. Shah; Credit M. Shah.
Comments (0)
