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Maybe you find out that you earlier on have entered a wrong figure from one
of the vouchers.
If you entered a figure that was too big you have to "re-post" the
difference between what you have entered and what it should have been. The
amount that was too much must be drawn out again.
If on the other hand you entered a figure that was too small you now have to
make an additional entry of the difference between what you entered and what it
should have been.
Example
You have entered the shop sale at $ 970 but find out that it should only be $
950. Then you have to credit (take out) the difference of $ 20 in the
Cash/Bank-Account because here you debited the $ 970 which was 20 too much.
And you have to debit the $ 20 on "Shop Purchase-Account" because here
you credited the $ 970.
Explane the re-posting
In the text you say which voucher you are re-posting so that it is possible to
track the re-posting.
If you make an additional posting you also mention the original voucher number
in the text.
- Go to next business issue: Credit Sale
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Copyright © 2009 Dynamic Business Plan 21-05-2012
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