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Question # 03 a) Numerous errors may exist even though the trial balance columns agree- explain the statement in the light of limitations of a
Question # 03 a) "Numerous errors may exist even though the trial balance columns agree- explain the statement in the light of limitations of a trial balance. [02] b) Alex Enterprises had the following events and transactions during the month of May, 2021. May 01 Mr. Alex invested Tk. 95,000 cash in the business. 02 Appointed a secretary for a monthly salary of Tk. 10,000. 07 Purchased office furniture for Tk. 30,000 paying Tk. 13,300 in cash and the balance on account. 19 Billed customers Tk. 21,100 for services performed on account. 25 Paid k. 200 for the furn purchased on account on May 7. 30 Received Tk. 15,500 in cash from customers who have previously been billed in May 19. Required: i. Journalize the transactions. [02] [06] ii. Post to the ledger accounts
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