Start networking and exchanging professional insights

Register now or log in to join your professional community.

RAMCHAND BHATIA
by RAMCHAND BHATIA , Sales Coordinator , TRADING CO.

If you have passed with more amount ,u should pass entry with difference in amount to opposite account. 

or if u have passed with less amount , pass entry with shortage in amount , to same accounts.

Correction of Journal entry can only be done by a reversal journal. 

tamer abd el azeem
by tamer abd el azeem , senior account , Arabian Trading Supplies ( Naghi Group )

If the journal entry have been posted so we should reverse this entry and create new journal with correct amount

More Questions Like This