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Sources of information for posting personal receivable/payable accounts

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Sources of information for posting personal receivable/payable accounts

  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by phuongltn.
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  • April 19, 2016 at 11:39 am #311663
    phuongltn
    Member
    • Topics: 15
    • Replies: 11
    • ☆

    Dear Sir,

    If information is taken directly from invoices and posted in personal accounts, then errors from sales/purchases day book will apparently not affect personal accounts. Otherwise, if figures are taken from day books, then they will.

    So, if the question was “Does an error in sales day book (or purchases day book) affect the list of personal receivable (or payable) account balances?”, what would be the answer?

    Thank you!

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