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Shamiek
Aug 20, 2013, 11:33 AM
An inexperienced clerk wrongfully entered the managers salary into the insurance account. The double entry would be?

Shamiek
Aug 20, 2013, 11:37 AM
If the cost of servicing a company's car was debited to a non current account assets account instead of being debited to the motor expenses account?

pready
Aug 21, 2013, 10:43 AM
First you need to reverse the original entry then your correct entry will be:
Debit Motor Expense and Credit Cash for the amount paid.

Or you can Debit Motor Expense and Credit the Asset that was originally debited for the amount paid.