A payment of cash of N20 to John was entered on the receipt side of the cash book in error and credited to John's account. Which of the following journal entry can be used to correct the error?
a
John: N40 Dr, cash: N40 Cr
b
Cash: N40 Dr, John: N40 Cr
c
John: N20 Dr, cash: N20 Cr
d
Cash: N20 Dr, John: N20 Cr
Explanation
Correct Option
cNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (9)

moshooda8
9 years ago
d answer is wrong...to correct d transaction is to credit cash a/c with respect to John's a/c with d amount of N40...out of which N20 is to correct or to cancel out d initial error of debiting cash a/c and crediting john a/c while d remaining N20 is to make d correct posting of d transaction..someone should pls address dis mistake .

ahmedyoung
11 years ago
d error committed is know as complete reversal of entry to correct dis error d figure has to b multiply by 2

juwon4unjesu@yahoo.com
13 years ago
the answer is wrong the error committed is an error of reversal entry.the ans is 'd'




