During the current month, the following errors occurred in recording transactions in the purchases journal or in

Question:

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 Hoffman Co. was recorded as having been received from Hoffer Co., another supplier.
b. A credit of $840 to JPC Company was posted as $480 in the subsidiary ledger.
c. An invoice for equipment of $6,500 was recorded as $5,500.
d. The 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?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...