I am bookkeeper for a non-profit company. I take care of two accounts - I will name them General Account and Party Account. I made a deposit to General Account, but the deposit slip was to the Party Account. I know I will have to write a check from the general account to deposit into the party account, but what Journal Entries should I make to correct the mistake. When I post the cash - which accounts do I use? Any help would be greatly appreciated.

No need to write a cheque, just transfer the money from one account to the other. Anyway, the JE would be:

Dr. Party Account
Cr. General Account

Quote:

---

Originally Posted by DDTAP

I am bookkeeper for a non-profit company. I take care of two accounts - I will name them General Account and Party Account. I made a deposit to General Account, but the deposit slip was to the Party Account. I know I will have to write a check from the general account to deposit into the party account, but what Journal Entries should I make to correct the mistake. When I post the cash - which accounts do I use? Any help would be greatly appreciated.

---

Depending on what type of account they are IE: Business account. You will have to write a cheq to deposit in the correct account.. And reference to deposit to wrong account... That is what is done at the credit union.. I am a supervisor there.
Hope this is what you needed

Done'