Student Assignment 11.27
On 31st August the book-keeper took out a trial balance. It didn’t balance with the debit side totalling £598,450 and the credit side totalling £600,470. He opened a suspense account with the difference.
The following errors were subsequently discovered: a) An invoice sent to Joe Lowry for £520 net, VAT £104 had been omitted from the books completely b) A credit note sent to K Andrews for £34 net, VAT £6.80 had been entered in the account of C Andrew. c) The Purchase day book had been undercast by £130 d) Sales for the month of August of £5,800 had been entered in the sales account as £8,500 e) The purchase of computer equipment for £480 net, VAT £96 had been entered in the stationery account f) An invoice received from H Singh for £280 (VAT exempt) had been entered in the books as £820. g) A cheque received for commission for £370 had been posted to wrong side of commission received account h) The wages account had been overcast by £70
Student Assignment 11.28
On 30TH September a trial balance was extracted. As it didn’t balance a suspense account was opened up with the difference. The debit side totalled £79,130 and the credit side totalled £77,290. a) A credit purchase from J Wong for £96 net, VAT £19.20 has been omitted from the books completely b) A cash payment of £100 for cleaning premises had been entered in the cash book but not posted to ledger account c) A credit note from S Leeson for £170 net, VAT £34 has been entered in the account of S Lees d) A cash payment of £87 for petrol had been entered in the Motor Vehicles Account e) A cheque received from L Quinn for £3,000 had not been posted to his personal account f) Rent received account had been overcast by £460 g) The entries for an invoice received from A Patterson Net £800 VAT £320 had been entered in reverse in the ledger accounts h) The sales day book had been overcast by £600.

Student Assignment 11.29
On 30TH November a trial balance was extracted. As it didn’t balance a suspense account was opened up with the difference. The debit side totalled £51,780 and the credit side totalled £44,680. a) Purchases for November of £1,800 were entered in the Purchases account as £8,100 b) A credit note received from T Scoular for £690 net, VAT £138 had been omitted from the books entirely c) The purchase of a motor vehicle for £10,000 had been entered into the motor vehicle repair account d) A cheque for £400 paid for stationery had been posted to the stationery account as £4,000 e) A credit sales to L Naem for £500 Net VAT £100 had been posted to H Naem’s account f) The purchase return day book had been overcast by £300 g) A cheque paid for rates for £1,200 had been posted to wrong side of the rates account h) A credit note sent to A Whyte for £175 net, VAT £35 had been posted to Whyte’s account as £310.