Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Double entry (https://www.askmehelpdesk.com/showthread.php?t=763451)

  • Aug 20, 2013, 11:33 AM
    Shamiek
    Double entry
    An inexperienced clerk wrongfully entered the managers salary into the insurance account. The double entry would be?
  • Aug 20, 2013, 11:37 AM
    Shamiek
    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?
  • Aug 21, 2013, 10:43 AM
    pready
    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.

  • All times are GMT -7. The time now is 07:43 AM.