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3 years ago

A $22 credit to sales was posted as a $220 credit by what amount is the sales account in error

Business

2 answers:

Elodia [21]3 years ago

5 0

I think i read the question right. I think they would be out $198

Andreyy893 years ago

5 0

Answer:

$198

Explanation:

The data provided in the question

Credit to sales = $22

But wrongly posted as a $220 credit

Since the right amount is $22 credited but it wrongly posted as a $220 credited

So the difference is to be shown as the sales account error

Sales account in error = Wrong amount - correct amount

= $220 - $22

= $198

By deducting the correct amount from the wrong amount we can determine the sales account in error amount

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