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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Transposition error
Hi there
So I was just thinking of a scenario in my head
And I started to wonder
If an entry error had been made for example..entering the figures wrong in the sales daybook…this will affect both control and indivual account
So then what about an entry error in the personal account of a customer
Does this also affect both control and personal or is it just the indivual ledger only
I’m assuming it is just the indivual ledger perhaps??
If a figure is entered wrongly in the day book than the ledger and the control account are both affected. If the mistake is simply in the ledger, then the control account is not affected.
Have you watched my free lectures on Books of Prime Entry?
Yeah I’ve watched that lecture..i think I might have forgotten it since it was some time back since I last watched it..i’ll watch it again 🙂
You are welcome 🙂