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Journal debit entry to correct error

DannyT90DannyT90 Surrey AAT Student, AATQB Posts: 159
in Bookkeeping Controls
In the CBT 2 practice exam it asks which things will be a debit or a credit in a Sales ledger control account. I knew them all except for one which was 'Journal debit entry for correction error'.

Why is this a debit in the SLCA? It would of helped knowing what the error was.

Can anyone shed light on this?

Comments

  • BertieBertie West Midlands Registered Posts: 376
    It would depend on the error.

    Is there any further information?
  • DannyT90DannyT90 Surrey AAT Student, AATQB Posts: 159
    No, I had my unit 2 exam today and had the same question so luckily I knew what the answer was.
  • BertieBertie West Midlands Registered Posts: 376
    ??
  • DannyT90DannyT90 Surrey AAT Student, AATQB Posts: 159
    I'm assuming it's a debit because it was a correction involving the SLCA which was a debit entry e.g. Error of omission which required the SLCA being debited.
  • BertieBertie West Midlands Registered Posts: 376
    Yes.

    However, others students will read this question hoping for an answer.

    If, as you say, debtors have been understated - Dr SLCA.
    If opening balances are understated, Dr SLCA.

    Cr likely to suspense. Likely, but not always.
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