Correction of errors：練習問題

Which of the following errors will cause the totals of a trial balance to disagree?

A business bought office equipment for \(\$450\) on credit from Tech Ltd, but entered the transaction in the purchases account and the payables ledger account for Tech Ltd. Which type of error has been made?

An error where an amount is posted to the correct side of the wrong account of the same class (e.g., posting to another customer's account) is known as an:

State the type of accounting error that occurs when the purchase of a motor vehicle for \(\$12\,000\) is recorded in the motor expenses account.

A bookkeeper extracted a trial balance that failed to agree, the total of the debit column exceeding the total of the credit column by \(\$450\). A suspense account was opened for the difference.

Subsequent investigation revealed the following errors:

(1) The sales day book had been overcast by \(\$200\).
(2) A payment of \(\$250\) for motor expenses had been correctly entered in the cash book but completely omitted from the motor expenses account.

(a) State the opening balance on the suspense account, specifying whether it is a debit or a credit balance.

(b) Prepare the journal entries to correct errors (1) and (2). Narratives are not required.

On 31 March 2024, the trial balance of Tariq, a sole trader, showed an excess of debit balances over credit balances of \(\$1\,140\). The difference was posted to a suspense account.

The following errors were later discovered:

(1) A cheque payment of \(\$380\) to a trade supplier, H. Green, was correctly recorded in the cash book but entered as \(\$830\) on the debit side of H. Green's account.
(2) Cash received from a credit customer, S. Patel, of \(\$620\) had been debited to both the cash book and S. Patel's account.
(3) The purchase of office equipment costing \(\$1\,500\) on credit had been entered in the purchases day book and posted to the purchases account.
(4) The discount allowed column total of \(\$130\) in the cash book had not been posted to the nominal ledger.

(a) Prepare the journal entries required to correct each of the errors (1) to (4). Narratives are not required.

(b) Prepare the Suspense Account for Tariq to show the correction of the errors and verify that the balance clears.