oods returned by Mr. Mohammed worth RO 1,500 were not entered in both the accounts. This type of error a. Will affect in both the accounts OMR 3000 b. Will affect only Mr. Mohammed account is OMR 1500 c. Will not affect the trial balance d. Will affect the trail balance
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- Tech Support Services has the following unadjusted trial balance as of January 31, 2019: The debit and credit totals are not equal as a result of the following errors: a. The cash entered on the trial balance was overstated by 8,000. b. A cash receipt of 4,100 was posted as a debit to Cash of 1,400. c. A debit of 12,350 to Accounts Receivable was not posted. d. A return of 235 of defective supplies was erroneously posted as a 325 credit to Supplies. e. An insurance policy acquired at a cost of 3,000 was posted as a credit to Prepaid Insurance. f. The balance of Notes Payable was overstated by 21,000. g. A credit of 3,450 in Accounts Payable was overlooked when the balance of the account was determined. h. A debit of 6,000 for a withdrawal by the owner was posted as a debit to Thad Engelberg, Capital. i. The balance of 28,350 in Advertising Expense was entered as 23,850 in the trial balance. j. Miscellaneous Expense, with a balance of 4,600, was omitted from the trial balance. Instructions 1. Prepare a corrected unadjusted trial balance as of January 31, 2019. 2. Does the fact that the unadjusted trial balance in (1) is balanced mean that there are no errors in the accounts? Explain.Goods returned by Mr. Mohammed worth RO 1,500 were not entered in both the accounts. This type of errorWhich of the following errors will not affect the Trial balance? a. Wrong totaling of purchase journal OMR 48,000 instead OMR 84,000 b. Cash paid to Mr. Said OMR 7800: Debit Mr. Said OMR 8700 and Credit Cash OMR 7800 c. Omitting Salary account OMR 12,000 and recording Cash account OMR 12,000 d. Omitting Rent account OMR 8,000 and Cash account RO 8,000
- 10-Goods returned by Mr. Mohammed worth RO 1,500 were not entered in both the accounts. This type of error a. Will not affect the trial balance b. Will affect in both the accounts OMR 3000 c. Will affect the trail balance d. Will affect only Mr. Mohammed account is OMR 1500After preparing the trial balance, the accountant finds that the total of debit side is OMR 125,600 and Total of Credit Side OMR 126,500. This difference should be treated before rectification of errors was a. Debit Suspense account with OMR 900 b. Suspense account should be cancelled with OMR 1800 c. Debit Suspense account OMR 125,600 and Credit Trial Balance OMR 126,500 d. Credit Suspense account with OMR 9001-Which of the following is an example of Transposition Error? a. Electricity expense of OMR 50 entered two times by mistake b. Purchase of Merchandise on credit RO 15000 entered in Fixed asset account. c. Sales day book undercast by RO 1200 d. Sale of Merchandise for cash RO 15,729 entered as 15279 in Sales account 2-Ms. Salma is an Accountant. the business incurred electricity expense of RO 512 was entered by her as RO 152 in cash account. but the entry was written in electricity account correctly. Which of the following rectification entry is Correct? a. Give Credit Cash account with RO 360 b. Give Debit Cash account with RO 360 c. Give Debit Cash Account with RO 720 d. give Debit RO 360 in both the accounts 3-Credit sales invoice will be recorded in a. Sales journal b. Purchase journal c. Purchase ledger d. Sales ledger 4-Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are…
- Ms. Ameena is an Account Assistant of a Merchandise business in Oman. The business paid rent expense of OMR 1500. She was asked to record the transaction. But due to her busy schedule she forgot to write the entire transaction. The type of Error was committed by Ms. Ameena: a. Error of Transposition b. Error of Principle c. Error of Complete Omission d. Error of Partial Omission9-Which of the following errors will not affect the Trial balance? a. Omitting Salary account OMR 12,000 and recording Cash account OMR 12,000 b. Cash paid to Mr. Said OMR 7800: Debit Mr. Said OMR 8700 and Credit Cash OMR 7800 c. Omitting Rent account OMR 8,000 and Cash account RO 8,000 d. Wrong totaling of purchase journal OMR 48,000 instead OMR 84,000what is the solution for The credit total of a trial balance exceeds the debit total by P350. In investigating the cause of the difference, the following errors were determined:a credit to accounts receivable of P550 was not posted;a P5,000 debit to be made to the Purchases account was debited to Accounts payable instead;a P3,000 credit to be made to the Sales account was credited to the Accounts receivable account instead;the Interest payable account balance of P4,500 was included in the trial balance as P5,400.The correct balance of the trial balance is
- Corrected trial balanceThe Lexington Group has the following unadjusted trial balance as ofMay 31. 20Y6: The debit and credit totals are not equal as a result of the followingerrors:a. The cash entered on the trial balance was overstated by $7,000.b. A cash receipt of $8,200 was posted as a debit to Cash of $2,800.C. A debit of $ 16300 to Accounts Receivable was not posted. d. A return of $ 125 of defective supplies was erroneously posted as a $1.250 credit to Suppliese. An insurance policy acquired at a cost of $3,600 was posted as a creditto Prepaid Insurance.f. The balance of Notes Payable was understated by $9,000. g. A credit of $ 10,000 in Accounts Payable was overlooked whendetermining the balance of the accounth. A debit of $5,000 for dividends was posted as a credit to RetainedEarnings.i. The balance of $60,300 in Rent Expense was entered as $63,000 in the trial balance.j. Gas, Electricity, and Water Expense, with a balance of $16,350, wasomitted from the trial…The Colby Group has the following unadjusted trial balance as of August 31, 2019 The debit and credit totals are not equal as a result of the following errors:a. The cash entered on the trial balance was understated by $6,000.b. A cash receipt of $5,600 was posted as a debit to Cash of $6,500.c. A debit of $11,000 to Accounts Receivable was not posted.d. A return of $150 of defective supplies was erroneously posted as a $1,500 credit to Supplies.e. An insurance policy acquired at a cost of $1,200 was posted as a credit to PrepaidInsurance.f. The balance of Notes Payable was understated by $20,000.g. A credit of $4,800 in Accounts Payable was overlooked when determining the balanceof the account.h. A debit of $7,000 for a withdrawal by the owner was posted as a credit to Terry Colby, Capital.i. The balance of $58,100 in Rent Expense was entered as $51,800 in the trial balance.j. Gas, Electricity, and Water Expense, with a balance of $24,150, was omitted from thetrial…A credit sales of RM5,000 to Rima was credited to the Sales Account, but wrongly debited in Rama account (a debtor). What is the type of error made? Error of original entry Error of commission Compensating error Error of omission