An invoice of R800 for goods sold was not recorded in the sales journal. This error should only be corrected in the receivables ledger and not in the receivables control account in the general ledger.

True

False

1 answer

False

The error should be corrected in both the receivables ledger and the receivables control account in the general ledger to ensure that the balance is accurate and the financial statements reflect the correct information.
Similar Questions
  1. Money received and paid is recorded inA. Cashbook B. Invoice C. Journal D. Purchase Day book E. Sales day book
    1. answers icon 1 answer
    1. answers icon 1 answer
  2. .How would your company track sales income in a journal entry in the accounting cycle? recorded as a credit recorded as a debit
    1. answers icon 1 answer
    1. answers icon 1 answer
more similar questions