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Error adjustments

janakGjanakG Registered Posts: 9
in Advanced Bookkeeping
the question is what adjustment do you need to make to the SLCA?

the sales ledger column in the cash book - debit side was undercast by 100

why is the adjustment CREDITING 100?
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Comments

  • thelowendtheory18thelowendtheory18 Registered Posts: 34
    It's understated payments received by customers ..therefore the amount that the customers OWES the business has been OVERSTATED

    To correct the error a credit entry is needed to REDUCE the debt that its customers owes
    Cheesypeesy
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