Why you should develop a correction of error COE AWS Cloud Operations & Migrations Blog
(3) Cash of $8,900 paid for plant repairs was correctly accounted for in the cash book but was credited to the plant cost account. (3)A non-current asset purchase of $1,000 on credit has been debited to the repairs expense account rather than an asset account. (2)Rates expense of $500, paid in cash has been debited […]