Acca financial Accounting (FA) Study Text ac ca (FA)

The trial balance, errors and suspense accounts 

274

 

KAPLAN PUBLISHING

 

 

Test your understanding 2 

 

Provide the journal to correct each of the following errors: 

1 

A cash sale of $100 was not recorded. 

2 

Rates expense of $500, paid in cash has been debited to the rent 

account in error.  

3  

A non-current asset purchase of $1,000 on credit has been debited 

to the repairs expense account rather than an asset account. 

4 

Goods purchased at a cost of $950 paid in cash has been debited to 

the sales account. 

5 

A cash sale of $76 has been recorded as $67. 

6 

A cash sale of $200 has been debited to sales and credited to cash.