Q:
What do you mean by Mischarge Correction?
Answer
A mischarge correction is when the wrong account line was used or the wrong amount was entered. The account that was wrongly charged needs to be credited and the correct account needs to be debited. The information needs to be recorded and duly noted for your office and for the main office. A journal voucher, showing the correction, should be completed as soon as possible. The accountswill not balance at the end of the fiscal year if these corrections are not properly made.
View answer
Workspace
Report Error
Discuss
Aptitude and Reasoning
General Knowledge
Puzzles
Interviews
Technical
Certifications
Exams
Job
Roles
True or False
Exams