correcting errors during computerised accounting exam

rafapak

I would like to ask you for help guys. I would like to know some methods of correcting error during exam if I make those errors. I am thinking about reverse entries or entering credit notes etc. Let's say I entered wrong supplier opening balance 1. When you try to reverse your entry Dt Payables Cr Suspense Account system tells you that your entry will not be reflected in purchases ledger. 2. When you try to enter credit note to correct error , your entry won't be reflected in suspense account. Which method is better for exam purposes 1 or 2 when we talk about correcting errors during exam ?

li22

I think I used the Corrections facility on Sage to fix an error I made. (File - Maintenance)

Obviously, it's best to be extra careful to avoid mistakes in the first place.

Bertie

Credit note if relates to a debtor or creditor. Journal for everything else. Becareful if VAT is involved.

rafapak

thanks for replies