How will each error come to the bookkeeper attention

Assignment Help Accounting Basics
Reference no: EM132695653

Problem - During the current month, the following errors occurred in recording transactions in the purchases journal or in posting from it:

a. An invoice for $1,875 of supplies from Kelly Co. was recorded as having been received from Kelley Co., another supplier.

b. A credit of $420 to Blackstone Company was posted as $240 in the subsidiary ledger.

c. An invoice for equipment of $4,800 was recorded as $4,000.

d. The Accounts Payable column of the purchases journal was overstated by $3,600.

How will each error come to the bookkeeper's attention, other than by chance discovery?

Reference no: EM132695653

Questions Cloud

Describe employee drug-testing procedures : List and describe at least five employee drug-testing procedures you would implement to comply with state drug-testing laws. How would you ensure adherence.
Discuss the communication - social and independence skills : Discuss the communication, social, independence skills that would be addressed through play and Explain how you would use any of the teaching strategies
Evaluate preparedness for virtualization : Describe the organization's environment, and evaluate its preparedness for virtualization.
Evaluate the statement using relevant theory : The study of the employment relationship should only be about how to promote efficiency at work. Evaluate this statement using relevant theory and examples.
How will each error come to the bookkeeper attention : An invoice for equipment of $4,800 was recorded as $4,000. How will each error come to the bookkeeper's attention, other than by chance discovery
Comparison to traditional vpn management : How does software-defined networking affect the management of a VPN in comparison to traditional VPN management?
Why organizations striving to develop organizational culture : Why organizations are striving to develop organizational cultures that value diversity, and identify ways in which individuals and organizations can enhance.
How many times will it be necessary to write Fees Earned : Problem - In recording 400 fees earned on account during a single month, how many times will it be necessary to write Fees Earned
Data science and big data : While this weeks topic highlighted the uncertainty of Big Data, the author identified the following as areas for future research.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hg livery supply had a beginning accounts payable balance

hg livery supply had a beginning accounts payable balance of 7300 and an ending accounts pyable balance of 55100.

  Standard unqualified report for audit of a private company

There are five conditions that must be met before an auditor can issue a standard unqualified report for the audit of a private company. Please discuss each of these five conditions.

  How much of the distribution is taxable to steve

How much of the distribution is taxable to Steve? Steve and Naomi are both age 41. Steve decided to quit his job and received a total distribution

  Prepare a summary journal entry in the general fund

Prepare a summary journal entry in the general fund general journal to record the issuance of purchase orders during fiscal year

  Calculate the net present value of this machine to the firm

The machine will generate revenues of £600, £800, £800 and £800 in years 1, 2, 3 and 4 respectively. Calculate the Net Present Value of this machine to the firm

  Surface area of block

Ari is painting blocks of wood for a project. Each block is 8 cm long, 4 cm wide, and 5 cm high. What is the surface area of each block?

  Why do you think the judge meant by the culture

Why do you think the judge meant by the culture that developed with within Surency at the time?

  The cash register tape for bluestem industries reported sale

The cash register tape for Bluestem Industries reported sales, Record the journal entry that would be necessary for each of the following situations.

  What are the internal controls that need to be implemented

What are the major steps in converting from a manual to a computerized accounting system - what documents and information will you need to convert to the computerized system?

  Prepare the stockholder equity section of dry dock balance

Prepare the 20X5 statement of stockholders' equity reflecting the above described transactions. Prepare the stockholders' equity section of Dry Dock's balance sheet at December 31, 20X5

  Dispose of the overhead variance

What journal entry would you make to dispose of the overhead variance using the proration approach based on account ending total dollar balances?

  Prepare a production report for the blending department

Required: Prepare a production report for the Blending Department for June assuming that the company uses the weighted-average method

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd