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An inexperienced book-keeper has drawn up an incorrect trial balance as at 28 February 2022. Debit RM Credit RM 18,200 43,000 50.000 3,000 6,000 16,400
An inexperienced book-keeper has drawn up an incorrect trial balance as at 28 February 2022. Debit RM Credit RM 18,200 43,000 50.000 3,000 6,000 16,400 34,000 2.000 150,000 Wages Trade payables Cash in hand Rent received Custom duty taxes Return Outwards Equipment Discount allowed Purchases Carriage outwards Capital Other payables Trade receivables Building Return Inwards Discount Received Insurance expenses Sales Fittings Accumulated Depreciation: Fittings 5,000 167,800 40,000 25,000 142.000 3.000 14,000 6,000 181,000 27,000 3,000 482,200 454,200 Required: (a) (b) Prepare the Corrected Trial Balance as at 28 February 2022. (8 marks) Discuss whether the above errors that you have identified above, should be categorized as omission of entries or posting to incorrect sides. (2 marks) Identify the affected double entries for a missing sales invoice. (2 marks) Identify the adjustments required to take in depreciation for the year. (2 marks)
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