correcting errors during computerised accounting exam

rafapak
Registered Posts: 26
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 ?
0
Comments
-
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.0 -
Credit note if relates to a debtor or creditor. Journal for everything else. Becareful if VAT is involved.0
-
thanks for replies0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 234 NEW! Qualifications 2022
- 133 General Qualifications 2022 discussion
- 7 AAT Level 2 Certificate in Accounting
- 31 AAT Level 3 Diploma in Accounting
- 55 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 91 Software
- 272 Tax
- 135 Bookkeeping
- 7.3K General accounting discussion
- 201 AAT member discussion (AATQB, MAAT, FMAAT and AAT Licensed Accountants and Bookkeepers)
- 3.8K For everyone
- 39 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 586 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 47 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership