How to correct an error in the books
ID:CVCORE
Video Overview
Occasionally, an incorrect amount is recorded in the general ledger, also known as the books of the business; or an amount is posted to the wrong account. This tutorial has been prepared with that very eventuality in mind. We are all human and mistakes are inevitable so it is important to understand how to correct a mistake when one has been noticed so everything balances correctly. If you have a good knowledge of whether a debit or a credit affects the account in either a positive or a negative way, correcting errors should be no difficult task.
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