For each of the following transactions, state the type of error being made. (a) Payment to A
Question:
For each of the following transactions, state the type of error being made.
(a) Payment to A Johnson for £45 missed out of accounts.
(b) Returns inwards from F Ressmeyer of £43 entered in both accounts as £34.
(c) Sale of equipment which was bought for resale entered in equipment account.
(d) Cash contributed by owner to business was debited to capital and credited to cash.
(e) Discounts received of £43 credited to sales.
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Related Book For 
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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