CORRECTIONS OF ERRORS

2010-05-16 7:23 am
On 29 March 2007, the business owner took goods cost $7500 from the warehouse for his family use. The amount had been wrongly recorded as a credit sale to a sustomer, Eden Company.

ans 係: Dr Sales <--- 我唔明le 到~~ 點解係sales .. 唔係purchase ???
Cr Eden Company
Dr drawings
Cr Purchases

條題目 took goods 唔係即係拎左公司倉庫 d 貨咩~~ >> SALES



如果唔係~我點樣分係SALES OR PURCHASES ??

回答 (1)

2010-05-16 5:22 pm
✔ 最佳答案
Goods took out from the godown means the delivery of goods physically. It is the nature of the transaction why goods had to be taken out that mattered. So, initially, it was regarded as a sale to a customer. The entries are Dr. Eden Cr. Sales. It was wrong. Now, a reversal of the wrong entry had to be made as this was not a sale but goods purchased being taken away by the owner. The correct entries should then be Dr. Drawings Cr. Purchases.


收錄日期: 2021-04-25 20:34:24
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