Posted by: Pdfprep
Post Date: April 11, 2021
An invoice to Sammy has been entered in the sales day book as $85 instead of $58.
To correct the position, which of the following procedures should be adopted?
A . Debit Receivables $27, Credit Sales $27 and increase the balance owing by Sammy
B . Debit Receivables $27, Credit Sales $27 and decrease the balance owing by Sammy
C . Debit Sales $27, Credit Receivables $27 and increase the balance owing by Sammy
D . Debit Sales $27, Credit Receivables $27 and decrease the balance owing by Sammy
Answer: D
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