Jaya is a trader. Her financial year ends on 31 July. The totals of her trial balance at 31 July 2025 did not agree. REQUIRED Jaya later discovered the following five errors: 1 No entry had been made for distribution costs of $320 paid by bank transfer. 2 Closing inventory had been recorded as $12200 instead of $12900. 3 Purchases returns of $95 had been correctly entered in the credit supplier's account but had been debited to the sales returns account. 4 A cheque for $225 received from ABC wholesalers, a credit customer, had been correctly entered in the cash book, but no other entry had been made. 5 Property maintenance costs of $1220 had been incorrectly charged to the land and buildings account.

1. (a)(i)Name the account that Jaya would need to open to enable her trial balance totals to agree.[1]
2. (a)(ii)State the primary purpose of this account.[1]
3. (b)Prepare the journal entries to correct errors 1 to 5. Narratives are not required.[9]
4. (c)Name two types of error that will not be revealed by the trial balance.[2]
5. (d)Complete the table by entering the amount by which Jaya's profit for the year would be overstated or understated if each error is left uncorrected. If an error has no effect on profit, enter zero (0) in the 'no effect' box. Error 1 has been completed as an example. Error Overstated $ Profit for the year Understated $ No effect 1 320 2 3 4 5[7]