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Transposition error

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Transposition error

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 5, 2021 at 4:52 pm #613556
    Avatarandreaskraken
    Member
    • Topics: 57
    • Replies: 30
    • ☆☆

    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??

    March 6, 2021 at 7:54 am #613690
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    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?

    March 6, 2021 at 2:45 pm #613766
    Avatarandreaskraken
    Member
    • Topics: 57
    • Replies: 30
    • ☆☆

    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 🙂

    March 6, 2021 at 4:19 pm #613779
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Transposition error’ is closed to new replies.

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