Question

In: Accounting

This Trial Balance is extracted from the books of BMW Enterprises Debit ( N$) Credit (N$)...

This Trial Balance is extracted from the books of BMW Enterprises

Debit ( N$)

Credit (N$)

Capital 01/02/2011

5 500

Drawings

2 800

Stock 01/02/2011

2 597

Debtors

2 130

Furniture

1 750

Cash

1 020

Creditors

2 735

Sales

7 430

Return inwards

85

Discount received

46

Expenses

950

Purchases

4 380

Totals

16 446

14 977

In addition to the mistakes above, the following errors were detected:

  1. A payment of N$ 75 made to a creditor had not been posted from the cash book into the purchases ledger
  1. A cheque for N$ 56 received from a customer had been correctly entered into the cash book but posted to the customer’s account as N$ 50
  1. A purchase of furniture N$ 120 had been included in the purchases account.
  1. The total of the discount allowed column in the cashbook of N$ 38 had not been posted into the general ledger.
  1. A page of the sales day book was correctly totalled as N$ 564 but carried forward as N$ 456.

You are required to:

Show the trial balance as it appears after all the errors had been corrected. Show all your workings.

Solutions

Expert Solution

ekkarill92 answered 3 years ago
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