Books Of Prime Entry

Question 1

Casting (addition) error in a book of prime entry( daybook)?

Answer 1

Total of the books of prime entry are incorrect and the wrong figure taken to control ac but entries to individual accounts done correctly. To fix; adjust the control ac only

Question 2

Posting error?

Answer 2

Transaction placed on the wrong side of the control ac or the individual ac. To fix; double the figure and place on the correct side of the relevant acc

Question 3

An entry made in the control acc or individual acc but mo reciprocal entry made

Answer 3

A transaction entered into an acc with no corresponding entry made to the matching acc. To fix; enter transaction in the acc in which it was missing