For the following transactions, produce journal entries to correct the errors that have been made. No narratives
Question:
For the following transactions, produce journal entries to correct the errors that have been made. No narratives are required.
(a) Sales of goods for £200 have been credited to the motor vehicles account.
(b) Purchases of goods for cash £100 has not been entered in the ledger accounts.
(c) Sales of goods on credit of £82 to T White were entered by mistake in W Thite accounts.
(d) Returns outwards of £117 to M Chase were entered in both accounts as £171.
(e) A cash withdrawal from the bank of £32 was debited to the bank and credited to the cash account.
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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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