Purchases book was undercast by 100.Classify the error?
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It is an accepted accounting truth that purchases book has a debit balance. Undercasting purchase book will mean that purchases book has been added short or technically debited short the rectification of the error will be done by debiting purchases account. ... Purchases book was overcast by $ 100
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It is an accepted accounting truth that purchases book has a debit balance. Undercasting purchase book will mean that purchases book has been added short or technically debited short the rectification of the error will be done by debiting purchases account. ... Purchases book was overcast by $ 100.
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