Question: During the current month the following errors occurred in recording transactions

During the current month, the following errors occurred in recording transactions in the purchases journal or in posting from it.
a. An invoice for $900 of supplies from Collins Co. was recorded as having been received from Collings Co., another supplier.
b. A credit of $840 to Tanner Company was posted as $480 in the subsidiary ledger.
c. An invoice for equipment of $6,500 was recorded as $5,500.
d. The Accounts Payable column of the purchases journal was overstated by $2,000.
How will each error come to the bookkeeper's attention, other than by chance discovery?


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  • CreatedJuly 17, 2012
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