Anonymous
Apr 7
A payment of TZS 210000 to Mr bonge from a debtor mrTweve had been posted to the credit of Mr Tele in error. What is the journal entry for this statement?
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Apr 7
The journal entry to correct this error would be as follows:
Debit: Mr Tele (Accounts Receivable) TZS 210,000
Credit: Mr Bonge (Accounts Receivable) TZS 210,000
This entry will reverse the credit to Mr Tele and correctly credit Mr Bonge for the payment received from Mr Tweve.
Debit: Mr Tele (Accounts Receivable) TZS 210,000
Credit: Mr Bonge (Accounts Receivable) TZS 210,000
This entry will reverse the credit to Mr Tele and correctly credit Mr Bonge for the payment received from Mr Tweve.
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