jenny has recorded the following journal entry:
Dr Purchase $1500
Cr Stationery $1500
what is the correct narrative for jenny's journal entry?
A. being cash purchase of Stationery
B. being credit purchase of Stationery
C. Being correction of error- purchase originally recorded as stationery
D. Being correction of error- Stationery originally recorded as purchase.
The given ans is c. But, i think c and d can be correct ans. Please let me know why d is incorrect.
Dr Purchase $1500
Cr Stationery $1500
what is the correct narrative for jenny's journal entry?
A. being cash purchase of Stationery
B. being credit purchase of Stationery
C. Being correction of error- purchase originally recorded as stationery
D. Being correction of error- Stationery originally recorded as purchase.
The given ans is c. But, i think c and d can be correct ans. Please let me know why d is incorrect.