Question
Required: Show how each of the above errors would affect trial balance agreement. (i) Computer repairs K1, 400 was debited to the computer account.
Required: Show how each of the above errors would affect trial balance agreement. (i) Computer repairs K1, 400 was debited to the computer account. (ii) K9, 180 discounts received credited to discounts allowed account. (iii) Inventory at close undervalued by K20, 500. (iv) K2, 600 commission received was debited to sales account. (v) Drawings of K1, 060 credited to the capital account. (vi) Cheque paying K3, 800 to M. Wilombe entered in the cash book but not in the personal account. (vii) Cheque K2, 640 from T. Phiri credited T. Phili.
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds
9th edition
9781259296802, 9781259296758, 78025907, 1259296806, 9781259296765, 978-0078025907
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