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Help correcting an error in general ledger
mr10
Registered Posts: 12
"Sales returns have been entered into the accounting records as £96 instead of the correct amount of £69."
So to correct this the answer is to debit sales ledger control £96 and credit sales returns £96. I have no idea why this is, because I can't understand how the answer isn't to debit sales returns £96 and credit sales ledger control £96. Please help.
So to correct this the answer is to debit sales ledger control £96 and credit sales returns £96. I have no idea why this is, because I can't understand how the answer isn't to debit sales returns £96 and credit sales ledger control £96. Please help.
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