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    antw's Avatar
    antw Posts: 1, Reputation: 1
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    #1

    Mar 10, 2010, 06:11 AM
    Collection of an account receivable is recorded by a debit to Cash and
    The collection of an account receivable is recorded by a debit to Cash and a credit to Accounts Payable. If this error is not corrected
    kumar1000's Avatar
    kumar1000 Posts: 2, Reputation: 1
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    #2

    Mar 10, 2010, 06:22 AM

    . Pass the following entries:

    1) Account Payable : Dr.
    Cash A/c : Cr.
    2) Cash A/c : Dr.
    Account Receivable : Cr.
    This will correct this problem
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