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  • Correction Journal: Date Description Post - Ref. Debit Credit

    Uploaded by

    Rahma Dewi
    10 views2 pages
    The document describes two recording errors made by Anugerah Indah Trading Proprietorship. The first error was recording an insurance payment of Rp5.5 million instead of Rp5.5 million, resulting in an overpayment of Rp50,000. The second error underrecorded an advertising expense of Rp52 million as Rp5.2 million, understating the expense by Rp46.8 million. Correction journal entries were provided for each error.

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    AKP2

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    The document describes two recording errors made by Anugerah Indah Trading Proprietorship. The first error was recording an insurance payment of Rp5.5 million instead of Rp5.5 million, resulting in an overpayment of Rp50,000. The second error underrecorded an advertising expense of Rp52 million as Rp5.2 million, understating the expense by Rp46.8 million. Correction journal entries were provided for each error.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views2 pages

    Correction Journal: Date Description Post - Ref. Debit Credit

    Uploaded by

    Rahma Dewi
    The document describes two recording errors made by Anugerah Indah Trading Proprietorship. The first error was recording an insurance payment of Rp5.5 million instead of Rp5.5 million, resulting in an overpayment of Rp50,000. The second error underrecorded an advertising expense of Rp52 million as Rp5.2 million, understating the expense by Rp46.8 million. Correction journal entries were provided for each error.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Name : Rahma Dewi

    Class : 2 AD

    Group 1

    1. On the 2nd of April 2019, Anugerah Indah Trading Proprietorship paid the company’s
    insurance for one year in the amount of Rp5.500.000 But it posted in amount of
    Rp5.550.000 and it known on 5th of April 2019. The correction journal is …

    Difference = Correct Journal of Prepaid Insurance – Incorrect Journal of Prepaid


    Insurance

    = Rp5.500.000 - Rp5.550.000

    = - Rp50.000

    Based on the equation above, it means company has recorded the excessive amount of
    Prepaid Insurance.

    Correction Journal
    Post
    Date Description . Debit Credit
    Ref.
    2019 Cash Rp50.000 -
    April 5th Prepaid Insurance - Rp50.000

    The recording error is named transposition.

    2. On the 3rd of May 2019, Anugerah Indah Trading Proprietorship paid Advertising
    Expense in the amount of Rp52.000.000. But it posted in amount of Rp5.200.000 and it
    known on the 10th of May 2019. The Correction Journal is …

    Difference = Correct Journal of Advertising Expense – Incorrect Journal of Advertising

    Expense

    = Rp52.000.000 ̵ Rp5.200.000

    = Rp46.800.000

    Based on the equation above, it means company has recorded less than it should be.
    Correction Journal
    Post
    Date Description . Debit Credit
    Ref.
    2019 Advertising Expense   Rp46.800.000 -
    10t
    h
    May Cash   - Rp46.800.000

    The recording error is named slide.

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