journal entry

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:28AM in AAT student discussion
I am not 100% sure on a question in my studies regarding a journal entry.<BR>The question is:<BR><BR>A £1000 has been placed in the SLCA by the owner but the cash was actually capital introduced.<BR><BR>How would you correct this using a journal entry?<BR><BR>Many Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    journal entry

    I think the solution is to Dr the sales ledger control to remove the 1000.00 and Cr the Capital account<BR>Regards<BR>Karen
  • System
    System Posts: 100,534 🤖 Admin 🤖
    journal entry

    if you can let us know what debit and credit entries have been done - you will then be able to get from us the a correct answer

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