PRC-1 · Chapter 2 · Question 20 of 100
If an error is discovered where a cash payment for rent was incorrectly posted in the ledger as a payment for electricity, in which book of prime entry would the correction be formally recorded?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) General Journal
Explanation
The correction of bookkeeping errors that do not involve immediate cash flow or belong in the specialized day books are recorded via journal entries in the General Journal.
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