Thursday, 5 October 2017

ACC2231 - Error and Suspense (Exercise 2)

Again? Well, this the road to final.....

Show the journal entries necessary to correct the following errors: (Narrations are not required)
  1. A sale of goods $678 to H. Luen had been entered in H. Lui’s account.
  2. The purchase of a machine on credit from L. Po for $4,390 had been completely omitted from our books.
  3. The purchase of a motor van $3,800 had been entered in error in the motor expenses account.
  4. A sale of $221 to C. Fat had been entered in the books, both debit and credit as $212.
  5. Commission received $257 had been entered in error in the sales account.

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