Can you state the type of error made in each of these cases. Show in journal entry how they can be corrected.?

Question

a. Bank charges $5.00 had been debited to the wages account.

b. Entries for sale of goods on credit had been omitted $20.00.

c. A credit note was received from a supplier K.S limited for $18.00 but was entered in the book as $28.00

d. Wages $90 paid for installing a new plant had been debited to the salary's account.

e. the total of the purchases journal was posted to the ledger as $283, instead of $312

f. the purchase by cheque of some office furniture at a cost of $70 had been posted to the purchases account.

Answer 1

They are all mispostings that will result in the mis-reporting of a Profit and Loss sheet.