A correction of a transaction posted to the wrong customer account results in
A) a credit to Accounts Payable.
B) a debit and credit to Accounts Payable.
C) a debit to Accounts Payable.
D) none of these.

Question

Quizplus · Accepted Answer

Correcting a transaction posted to the wrong customer account would not involve Accounts Payable, as Accounts Payable relates to the amounts owed by the company to its suppliers or creditors, not customer transactions.

A Correction of a Transaction Posted to the Wrong Customer