Error adjustments

janakGjanakG 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?


  • thelowendtheory18thelowendtheory18 Registered Posts: 50
    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
Sign In or Register to comment.