Arthur started a new business on 1 January 20X9. You are supplied with the following nominal ledger

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Arthur started a new business on 1 January 20X9. You are supplied with the following nominal ledger accounts, which have been closed off and a trial balance extracted. These are Arthur’s only transactions in this period.

Trial balance for Arthur as at 10 January 20X9:

The trial balance should balance.
There are seven errors (six are double-entry errors, the other is a description error).


Required
a. Describe the entries required to correct the errors.
b. Redraft the amended ledger accounts and trial balance as at 10 January 20X9.

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Introduction To Financial Accounting

ISBN: 9781526803009

9th Edition

Authors: Anne Marie Ward, Andrew Thomas

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