Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 (Marks: 30) The following incorrect Trial Balance appeared in the books of Honey Pie, a sole trader in the confectionary business at
Question 5 (Marks: 30) The following incorrect Trial Balance appeared in the books of Honey Pie, a sole trader in the confectionary business at 31 May 2024: Statement of Financial Folio Debit (R) Credit (R) Position section Capital B1 457 080 00 Drawings B2 118 062 00 Plant & Machinery B3 178 000 Furniture & Fittings B4 80 500 Trading Inventory B5 80 000 888 00 00 00 Debtors Control B6 28 550 00 Creditors Control B7 16 006 Bank B8 13 128 88 00 00 Petty Cash (Imprest amount) B9 VAT Control 2 030 00 00 B10 2 230 00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started