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CSEC Principles of Accounts · May/June 2013 · Paper 2 · Question 2(c)

Errors discovered on 1 November 2012: (i) Purchase of equipment worth 2 100 included in purchases. (ii) Cheque paid to creditor entered in bank account as 12 960 instead of $12 690.

Use the general journal to correct the TWO errors. Narrative for EACH journal entry is required.

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Other parts of this question

  1. 2(a)Copy and complete the table to show the Book of Original Entry for EACH given source of information for Debtors' Ledger Control Accounts.[6 marks]
  2. 2(b)Prepare the Purchases Ledger Control Account for L. Somerset for the month of October 2012.[9 marks]

More practice: the rest of this paper · more Correction of Errors and the Suspense Account questions · all CSEC Principles of Accounts past papers