If a credit sale of 15,400 to Peter Smith had been entered in the Sales Day Book

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If a credit sale of £15,400 to Peter Smith had been entered in the Sales Day Book as £14,500, the journal entry for correcting the error should require which of the following:

(a) Debit Peter Smith’s account and credit Sales account with £900

(b) Debit Cash account and credit Sales account with £900

(d) Debit Sales account and credit Peter Smith’s account with £900

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 02:26 AM

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If a credit sale of 15,400 to Peter Smith had been entered in the Sales Day Book

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Financial Accounting An Introduction

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