Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.On Inspection of the books Andrews found the following errors. 1. Purchases on credit from Hannah ,$600 had been recorded in the book of Prime

1.On Inspection of the books Andrews found the following errors. 1. Purchases on credit from Hannah ,$600 had been recorded in the book of Prime entry and the account of Hannah as $900. 2 . Rent expenses $450 had been posted to the general expenses account. 3. The Purchase of Fixtures,$800 had been recorded in the general expenses account. 4. A sale of goods on credit to Roy,$500 ,had been debited to the Sales account and Credited to Roy's Account.Required :(a) Name the type of error in 1-4 (b) Prepare the journal entries to correct the errors 1 to 4.Narratives are not required

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: James Jiambalvo

3rd Edition

0470038152, 978-0470038154

More Books

Students also viewed these Accounting questions

Question

Write out the sum. (& + 2) k=1

Answered: 1 week ago

Question

10. What is meant by a feed rate?

Answered: 1 week ago