Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 10 - No. 35)
In addition, when an inventor for goods purchased on credit was entered in error as $1, 100 instead of $11,100 on the wrong side of the accounts, what should the necessary corrections to the draft trial balance be?
Debit: $10,000, Credit: $10,000
Debit: $11,100, Credit: $11,100
Debit: $10,000, Credit: $10,000
Debit: $11,100, Credit: $10,000
Explanation
The necessary correction would be $10,000 in debit and credit.
Comments (0)
