Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

The journal entry below was recorded to correct an mistake. Debit: Wasim $320 Credit: bank $320 Which error was corrected?

  • AA cheque, $160, was credited to Wasim’s account but no debit entry was made.
  • BA cheque, $160, was debited to the bank account but no credit entry was made.
  • CA cheque paid to Wasim, $160, was credited to his account and debited to the bank.
  • DA cheque received from Wasim, $160, was credited to his account and debited to the bank.

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