3ACC0803 FINANCIAL ACCOUNTING II

TUTORIAL 8
Student Name:
Date:

Question 1

1. Purchases RM1,410 on credit from Aaron had been entered in Bryan’s account
2. A cheque of RM94 paid for printing had been entered in the cash column of the cash
book instead of in the bank column
3. Sale of goods RM734 on credit to Caron had been entered in error in Caroline’s account
4. Purchase of office equipment on credit from Danty RM819 entered in the Purchases
account
5. Purchase of goods by cash of RM980 has been entered in the correct account as
RM890
6. Cash paid to Florence RM64 entered on the debit side of the cash book and the credit
side of Florence’s account
7. A sale of fittings RM320 had been omitted from the record
8. A sale of computer RM500 had been entered in the sales account
9. A cash purchases RM200 has been entered in the credit side of sales account
10. Drawings of RM40 cash has been entered as general expenses account

REQURIED:
Prepare the Journal Entries for the correction of errors above. Ignore the narratives.

Question 2

1. Additional capital of RM5,000 paid into the bank had been credited to Sales account.
2. Drawings of RM72 had been debited to Sundry Expenses account.
3. Rent received of RM430 has been credited to the Commissions Received account.
4. A purchase of goods from Pine amounted RM213 paid by cheque had been entered in
the books of accounts as RM123.
5. Cash banked RM410 had been credited to the bank column and debited to the cash
column in the cash book.
6. Cash drawings of RM120 had been credited to the bank column of the cash book.
7. A sale of fittings RM320 cash, had been omitted from the record
8. Returns inwards RM650 from K. Will had been entered in error in E. Young’s account.
9. A cash purchases RM200 has been entered in the debit side of sales account
10. Loan interest of RM400 has been debited to the Van account.

REQURIED:
Prepare the Journal Entries for the correction of errors above. Ignore the narratives.
 3ACC0803 FINANCIAL ACCOUNTING II
TUTORIAL 4

Question 3

A trial balance was extracted from the books of V Baker, and it was found that the debit side
exceeded the credit side by £40. This amount was entered in the suspense account.

The following errors were later discovered and corrected:

(i) Purchases were over-summed by £20.
(ii) An amount paid to B Simpkins was debited to the control account as £98 instead of £89.
(iii) Sales were under-summed by £11.

REQUIRED:
Write up the suspense account.
 3ACC0803 FINANCIAL ACCOUNTING II
TUTORIAL 4

Question 4

The following is a trial balance which has been incorrectly drawn up:

Trial Balance as at 31 January 20x6

RM RM
Capital 1 February 20x5 7,845
Drawings 19,500
Inventory 1 February 20x5 8,410
Trade receivables 34,517
Furniture and fittings 2,400
Cash in hand 836
Trade payables 6,890
Sales 127,510
Returns inwards 2,438
Discount received 1,419
Business expenses 3,204
Purchases 72,100
143,405 143,664

In addition to the mistakes evident above, the following errors were also discovered:

i) A payment of £315 made to a creditor had not been posted from the cash book into the
purchases ledger.
ii) A cheque for £188 received from a customer had been correctly entered in the cash book
but posted to the customer’s account as £180.
iii) A purchase of fittings £407 had been included in the purchases account.
iv) The total of the discounts allowed column in the cash book of £42 had not been posted into
the general ledger.
v) A page of the sales day book was correctly totalled as £765 but carried forward as £675.

REQUIRED:
Show the trial balance as it would appear after all the errors had been corrected. Show all your
workings.