TUTORIAL QUESTION # 1

The following list of errors were detected in the books Yousuf Youhana

a. Payment of $500 cash for refreshment was not posted to the books

b. Cheque for $2000 received from M. Waugh was credited to S. Waugh

c. Motor vehicle repairs for $3000 was posted to the Motor Vehicle account

d. Credit sales invoice for $5100 to A. Razzaq was posted to the books as $5001

e. Lodgment of $10,000 cash to the bank was posted as Dr in cash and Cr in Bank

f. Waqar Younis, a part time clerk, made the following postings in error to the general

ledger: sales short by $600, Postage expense short by $200, stationery short by $400

Required : Show the general journal entries to correct the above errors.

		DR	CR
a	Refreshment Cash Correction of error of omission	500	500
b	S. Waugh Bank Bank M. Waugh Correction of error of commission	2,000 2,000	2,000 2,000
c	Bank Motor Vehicle Motor Vehicle Repairs Bank Correction of error of principle	3,000 3,000	3,000 3,000
d.	Sales A Razzaq A Razzaq Sales Correction of error of original entry	5,001 5,100	5,001 5,100
e	Bank Cash Bank Cash Correction of error of reversal of entry	10,000 10,000	10,000 10,000
f.	Postage Stationery Sales Correction of errors of compensation	200 400	600