If a debit entry is wrongly posted to credit side or vice versa then the difference amount will be :

Question

a. Exactly equal to the amount of transaction.
b. There will be no difference.
c. Double of the amount of the transaction.

Rehmat Iqbal Marwat · Answer

It will be double the amount of transaction. So, for the purpose to correct, the first entry is required to offset the effect of wrong entry while a second entry would be required to post the correct amount.

Ahmed Moaty, ACCA, CIA · Answer

It will be double the amount of transaction.

Utilisateur supprimé · Answer

C. Double the amount of the Transaction.

FITAH MOHAMED · Answer

>>>>>>>>>>>>>>>>>of course c. Double of the amount of the transaction.

DINESH KUMAR BALASUNDARAM · Answer

(C) Double of the amount of the transaction - is the right answer

Saleem Khatri · Answer

Muhammad Zeeshan Hyder · Answer

C

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If a debit entry is wrongly posted to credit side or vice versa then the difference amount will be :

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