Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pls help file://C/Users/User/Desktop/GENERIC%20-%20Y1%20-9.20Financial Reporting 20and%20Analysis20Fund 200 20120cpdf 15 B The debit side of the trial balance of GH Stores was more than the credit side

image text in transcribed

Pls help

file://C/Users/User/Desktop/GENERIC%20-%20Y1%20-9.20Financial Reporting 20and%20Analysis20Fund 200 20120cpdf 15 B The debit side of the trial balance of GH Stores was more than the credit side by R800 One possible reason for this is that the electricity expense for the month, R800. was not posted to the electricity account the payment by a tenant, R800, was not recorded in the Cash Receipts Joumal the Creditors Control balance of R800 was entered on the debit side of the trial balance commission income, R800, recorded in the Cash Receipts Journal was not posted to the Commission Income account in the general ledger (1 mark) D 16 Equipment with a cost price of R112 000 was sold at a profit of R2 000 the accumulated depreciation on the equipment was R80 000, the selling pnce of the equipment sold was R30 000 B R114 000 C R34 000 D R82 000 3 mars Questions 17 and 18 are based on the following information: The Creditors List given below appeared in the books of Voltex Traders before the errors and omissions listed thereafter were discovered

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions