Question

On its bank reconciliation for the month of December, Pack Corp, noted that it had made an accounting eror It recorded the cash receipt from a sale to a customer as $48 instead of the actual amount of $84 Question: In Pack Corp 's month-end journal entry to record this reconciling item, which of the following is true? Select one O a The Sales Revenue account should be debited for $18 O b The Saes Revenue" account shouid be credited for $18 O c. The Accounts Receivable account should be debited for $18 O d. The Accounts Receivable' account should be credited for $18. O e. The Accounts Payable account should be credited for $18 O f. The Accounts Payable" account should be debited for $18

Answer 1

The right treatment will be

Cash Account will be debited 36$

Sales Revenue A/c will be credited 36 $

Explanation:

Because this is th case of rectification of undercast

So the same account will be debited and credited with the difference

which is less recorded