Escolar Documentos
Profissional Documentos
Cultura Documentos
TRANSACTION
• ACCOUNT: A device use to record
increases and decreases in specific asset,
liability, and owners’ equity items.
• Erroneous Entry:
27/7 Equipment ………….500
Cash …………………….500
• Correct Entry:
27/7 Repair Expense……500
Cash ……………………500
• Correcting Entry:
31/7 Repairing Expense……500
Equipment………………….500