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    Shamiek's Avatar
    Shamiek Posts: 2, Reputation: 1
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    #1

    Aug 20, 2013, 11:33 AM
    Double entry
    An inexperienced clerk wrongfully entered the managers salary into the insurance account. The double entry would be?
    Shamiek's Avatar
    Shamiek Posts: 2, Reputation: 1
    New Member
     
    #2

    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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    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.

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