Solution-How will each error come to the bookkeepers

How will each error come to the bookkeepers attention

Assignment Help Accounting Basics

Reference no: EM131122214

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: EM131122214

Questions Cloud

What is your expected winning in this game : Assume that you toss a fair coin 5 times. What is the probability that you get 5 heads? (Show work and write the answer in simplest fraction form) What is the probability of getting heads in the 5th toss, given that the first four tosses are tails?..

Assuming no other errors in recording or posting : The Accounts Payable and Cash columns in the cash payments journal were unknowingly overstated by $900 at the end of the month.

How much additional money will the company raise at the time : Show the pro forma balance sheet for the issuance of the convertibles prior to conversion. Assume the proceeds are invested in new plant and equipment, and disregard issuance costs. b. Show the pro forma balance sheet, assuming conversion of the enti..

Show that the problem of finding a maximal matching : Show that the problem of finding a maximal matching can be formulated as a max-flow problem.

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

The total number of ducks in the study area : In an aerial survey of four plots selected by simple random sampling, the numbers of ducks detected were 44, 55, 4, and 16. Careful examination of photo imagery of the first and third of these plots (selected as a simple random subsample) revealed..

Ethnocentric staffing policies in international operations : Many Japanese companies use ethnocentric staffing policies in international operations. Why do you think Japanese companies prefer to have Japanese in top management positions? Would you recommend a change in this policy?

Disease using the horvitz-thompson estimator : With the data of Exercise 1, estimate the total amount spent on medical care for the disease using the Horvitz-Thompson estimator, and estimate its variance.

Verify that an infinite sequence of augmenting paths : Verify that an infinite sequence of augmenting paths is characterized by the table of Fig. 3.12; each augmentation increases the divergence out of the source s but the sequence of divergences converges to a value, which can be arbitrarily smaller ..

User Account

All Pages

How will each error come to the bookkeepers attention

Reference no: EM131122214

Reference no: EM131122214

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT