Required: Show how each of the above errors would affect trial balance agreement. (i) Computer repairs...
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Required: Show how each of the above errors would affect trial balance agreement. (i) Computer repairs K1, 400 was debited to the computer account. (ii) K9, 180 discounts received credited to discounts allowed account. (iii) Inventory at close undervalued by K20, 500. (iv) K2, 600 commission received was debited to sales account. (v) Drawings of K1, 060 credited to the capital account. (vi) Cheque paying K3, 800 to M. Wilombe entered in the cash book but not in the personal account. (vii) Cheque K2, 640 from T. Phiri credited T. Phili. Required: Show how each of the above errors would affect trial balance agreement. (i) Computer repairs K1, 400 was debited to the computer account. (ii) K9, 180 discounts received credited to discounts allowed account. (iii) Inventory at close undervalued by K20, 500. (iv) K2, 600 commission received was debited to sales account. (v) Drawings of K1, 060 credited to the capital account. (vi) Cheque paying K3, 800 to M. Wilombe entered in the cash book but not in the personal account. (vii) Cheque K2, 640 from T. Phiri credited T. Phili.
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i Computer repairs K 1 400 was deb ited to the computer account This would cause the trial balance t... View the full answer
Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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