Question: 2 Question 2 (12 marks) Determine if the following errors would cause the trial balance not to balance. Explain why. What effect would each error
2
Question 2 (12 marks) Determine if the following errors would cause the trial balance not to balance. Explain why. What effect would each error have on profit? a) S2,000 paid for salaries was debited to drawings. (3 marks) . b) Computers valued at $6,000 were omitted. (3 marks) l c) Legal expenses of $700 were recorded as $600 debit. (3 marks) d) GST Clearing of $4,900 owing to the tax office was listed as a debit
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