5 Questions
Which account was originally credited with the dividend received?
Shakira's business account
What is the correct entry to rectify the error?
Debit business account, credit personal account
Why was the correction entry necessary?
The dividend was credited to the wrong account
What was the amount of the dividend received?
62 Dollar
What type of error occurred in the bank's transaction?
Posting error
Learn how to make the correct accounting entry when a bank mistakenly credits a dividend received to a business account instead of a personal account.
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