I have a question regarding Journals to remove/correct entries!

gianlucapensottigianlucapensotti Posts: 7Registered, AAT Student
Please, could someone help regarding the journals to remove incorrect entries/correct entries specifically when it comes to the Sales Day Book/Sales Return/Purchases Day Book/ Purchase Returns?

Is my theory of doing the opposite in the journals correct? Ie- in the purchase day book if there is an error in the gross amount when it comes to removing the incorrect entry it would be debit because the correct entry should have been credit, therefore they balance each other out?
Then when it comes to correcting the entry you would post what the entry should have been (credit), but when it comes to the removing of the suspense account balance what would you do??

Thank you in advance,

Answers

  • Clintm15Clintm15 Well-Known FarehamPosts: 247Registered
    It depends on the type of error.

    Is this an error where the creditor entry is incorrect (i.e larger or smaller) than the purchase entry?
    Is this an error where the creditor entry has been incorrectly debited?
    Is this an entry that has been posted to the incorrect account?

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