The totals of the trial balance of a business did not agree. The following errors were discovered. 1 The wages account had been overcast by $550. 2 The sales account had been undercast by $400. 3 A credit sale of $150 had been recorded on the sales invoice as $510. After the appropriate corrections were made, the trial balance totals agreed. What was the difference between the trial balance totals before the corrections were made?

A trial balance does not balance and a suspense account is opened. Later the following errors are found and the suspe…

A sales ledger control account included the following entries. 1 contra with the purchases ledger control account $50…

A company's bank statement showed a credit balance of $2000. The following errors were found. 1 A receipt of $2700 an…

A business has a year end of 31 December. It purchased a motor vehicle on 1 January 2017 for $15000. The motor vehicl…

A business makes a provision for doubtful debts equal to 10% of trade receivables. The provision at 31 March 2018 was…

A trader sent goods to a customer on a sale or return basis. At the trader's year end he had not heard if the custome…