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4.A) Mr. Moosa is an accounting student at Williams College, but he is not much aware of different types of errors that are disclosed by

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4.A) Mr. Moosa is an accounting student at Williams College, but he is not much aware of different types of errors that are disclosed by the Trial Balance. As a student at Shinas College of Technology, could you explain to Mr. Moosa such kinds of errors with an example of each. 4.B) Oman Liquefied Natural Gas LLC (Oman LNG) is a joint venture company established by a Royal Decree in 1994 and operates under the laws of the Sultanate of Oman. The company engages in the business of producing and selling Liquefied Natural Gas. The company appoints Ms. Aisha as the Assistant Accountant and on her first day to the office, the manager given her below furnished accounting errors of the company and asks her to analyze and rectify the errors. i) Sales of old furniture of the business for OMR10,000 was treated as sales of goods. ii) iii) Rent of proprietor's residence OMR 12,000 was debited to rent account Cash received from Mr. Mohammed OMR 4,300 was credited to Mr. Ismail account. iv) An amount of OMR50,000 spent for the extension of Machinery has debited to wages account Ms. Aisha does not have previous experience in rectification of errors. As an accounting specialization student could you guide Ms. Aisha to analyze and show rectification entries for the above errors of the company

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