account error

2011-01-03 7:52 am
1.depreciation had not been charged to P&L account for equipment costing $12600. depreciation is charged at 5% per annum in cost using the stragiht line method.

2. wages had been paid to employees to repair shelving in the warehouse, $876 .this had been debited to wages account .

3. cash sales of $742 had been incorrectly debited in the bank column of the cash book to the cash column of the cash book.

4. an entry in the sales day book for a sale of $2859 to M Tang had not been enteres in the account of M Tang in the sales ledger.

5. A chegue for $344 from J Lam, a debtor, had been correctly entered in the cash book, but had been credited to the account of J Lau.

required
a. prepare journal entries to correct the above errors
(1.)係唔係DR depreciation,CR porvision for depreciation?
(3.) 係唔係DR cash, CR bank?
(4.)係唔係DR M Tang,CR sales?
(5 )係唔係DR J Lau, CR J Lam?
仲有我想問 credited 係入左係cr到, debited 係入左係dr到?

回答 (1)

2011-01-03 7:17 pm
✔ 最佳答案
1.depreciation had not been charged to P&L account for equipment costing $12600. depreciation is charged at 5% per annum in cost using the stragiht line method.
Dr. Depreciation (12600 x 5%)
Cr. Provision for depreciation 2. wages had been paid to employees to repair shelving in the warehouse, $876 .this had been debited to wages account .
Dr. Repairs 876
Cr. Wages 3. cash sales of $742 had been incorrectly debited in the bank column of the cash book to the cash column of the cash book.
Dr. Cash column of cash book
Cr. Bank column of cash book 4. an entry in the sales day book for a sale of $2859 to M Tang had not been enteres in the account of M Tang in the sales ledger.
Dr. M Tang
Cr. Sales 5. A chegue for $344 from J Lam, a debtor, had been correctly entered in the cash book, but had been credited to the account of J Lau.
Dr. J Lau
Cr. J Lam
required
a. prepare journal entries to correct the above errors
(1.)係唔係DR depreciation,CR porvision for depreciation?
(3.) 係唔係DR cash, CR bank?
(4.)係唔係DR M Tang,CR sales?
(5 )係唔係DR J Lau, CR J Lam?
仲有我想問 credited 係入左係cr到, debited 係入左係dr到?正確


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