Error adjustments
janakG
Registered Posts: 9
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?
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
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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 owesAAT
Level 2 Foundation Certificate in Accounting - 30 Nov 18
Level 3 Advanced Diploma in Accounting - 16 Oct 19
Level 4 Professional Diploma in Accounting - 22 Jul 21
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