a. 3) Identify and correct the following errors in a trial balance: The purchases and sales accounts were both undercast by 200. b. A bank payment of 500 to supplier John was omitted completely from the books. C. The purchase of an equipment (fixed asset) for 5,000 was debited to the purchases account. d. A credit purchase of 500 from Lisa was entered in purchases account and Lisa's account as 550. e. A 1,200 cheque payment to supplier Leon was wrongly entered to the account of supplier Leo. Kaplan International Pathways 2 kaplanpathways.com (15 marks) 4) Explain key aspects of accounting. 40 morkel