An invoice of R800 for goods sold was not recorded in the sales journal. This error should only be corrected in the receivables ledger and not in the receivables control account in the general ledger.

Question

An invoice of R800 for goods sold was not recorded in the sales journal. This error should only be corrected in the receivables ledger and not in the receivables control account in the general ledger.

True

False

Answer 1

False

The error should be corrected in both the receivables ledger and the receivables control account in the general ledger to ensure that the balance is accurate and the financial statements reflect the correct information.