The following is a trial balance which has been incorrectly drawn up: In addition to the mistakes
Question:
The following is a trial balance which has been incorrectly drawn up:
In addition to the mistakes evident above, the following errors were also discovered:
1. A payment of £315 made to a creditor had not been posted from the cash book into the purchases ledger.
2. A cheque for £188 received from a customer had been correctly entered in the cash book but posted to the customer’s account as £180.
3. A purchase of fittings £407 had been included in the purchases account.
4. The total of the discounts allowed column in the cash book of £42 had not been posted into the general ledger.
5. A page of the sales day book was correctly totalled as £675 but carried forward as £765. Show the trial balance as it would appear after all the errors had been corrected. Show all your workings.
Step by Step Answer:
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster