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a. Exactly equal to the amount of transaction. b. There will be no difference. c. Double of the amount of the transaction.
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.
It will be double the amount of transaction.
C. Double the amount of the Transaction.
>>>>>>>>>>>>>>>>>of course c. Double of the amount of the transaction.
(C) Double of the amount of the transaction - is the right answer
C
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