The following information is available: 1. Rent account has been overcast 300. Wages account has been undercast
Question:
The following information is available:
1. Rent account has been overcast £300. Wages account has been undercast £150. Sales account has been overcast £150.
2. Returns inwards £219 has been debited to sales account.
3. Purchase of delivery vehicle £19,650 has been debited to motor expenses.
4. Purchase of one ball point pen 17 pence has not been included in the books of account because it is such a trivial amount.
Required
Identify the types of errors described.
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Step by Step Answer:
The errors described in the given information can be identified as follows Rent Account Overcast 300 ...View the full answer
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