ACC2231 – Error and Suspense Account (Exercise 3)

See? I think that’s enough for now….

Examples Correcting journal entries
                         $
A credit sale of $150 to Mr. Chan has been omitted from his account.  
A sale to C. Lee for $250 was correctly entered in the sales book but entered in C. Lee’s account as $520.  
A credit sale of $100 has been credited to H. Cheung’s account  
Sales day book was overcast by $200  
Sales account was undercast by $40  
The total of the sales account of $1,500 has been omitted from the trial balance  
The total of the sales account of $1,500 has been extracted as $1,200 in the trial balance.  
The total of the sales account of $1,500 has been extracted to the debit column of the trial balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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