Correction entry was not done in the general ledger

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Reference no: EM131205386

On a current bank reconciliation, an amount is required to be added with the bank statement balance because in the previous closed accounting period a correction entry was not done in the general ledger (check was created in a different accounting period than when it was voided). If the cash account needs to be debited, what account should be credited? And should this correction be done in the current accounting period since the previous one is closed out? If the correction needs to take place in the current accounting period, what accounts should be debited and credited?

Reference no: EM131205386

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