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Sales of $5000 have been omitted from the receivables control A/C. What is the entry to correct this? a) debit RCA $5000, b) credit RCA $5000

Accounting Bookkeeping
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/08
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AMEER V P
by AMEER V P , Senior Accountant , Arabian Europe General Trading

Credit Receivables Control Account with/- because that amount should also been reflected in the Receivables.

Nilesh Pethkar
by Nilesh Pethkar , Store Manager , Landmark Arabia Retail

2 Credit RCA, because that amount is yet to come, it's credit which you can use it

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