Journal Question?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi all,

Have a mental block on journals, if I have an entry of 2115 in the SDB and 2155 in the subsidiary ledger is it a given that the SDB is correct and the Sub is wrong? If so what would the journal be to correct this?

Many thanks

Nick

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Journal Question?

    If thats all the information given I would assume the subsidiary ledger is incorrect, as the postings are made in that FROM the sales daybook not the other way around.

    Once the correction had been made in the subsidiary ledger then the journal in the nominal ledger would be

    credit debtors control
    debit sales

    as the amount was overstated.

    In my humble opinion
    Adrian
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Journal Question?

    You may also need to debit VAT control as the sales ledger control (and subsidiary account) figures are generally inclusive of VAT. Depends how the question was worded...

    Robert

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