Page 173 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx
P. 173

Accounting errors and suspense accounts




               When trying to decide the accounting entries required to rectify an error, it may be
               helpful to use the following approach.










                         What should              What was the                     What

                         the double-               double-entry               correction is
                          entry have                   actually                 required?
                             been?                     made?


























































                                                                                                      167
   168   169   170   171   172   173   174   175   176   177   178