1. There are several mistakes in the Umer & Bros Ltd. Trial balance. Identify the errors and make thecorrected trial balance.108111213I36Heads of AccountsUmer Owner EquityUmer DrawingsEquipmentsSalesDue from CustomersPurchasesPurchase ReturnBank LoanCreditorsTaxesCash in HandNote PayableInventoryRepairReturn InwardTotalRefDebit5602.8501.260364528720226680461Php 7,6491.5512.85053099626498Php 6,289 1. There are several mistakes in the Umer & Bros Ltd. Trial balance. Identify the errors and make thecorrected trial balance.10811121334XSUmer Owner EquityUmer DrawingsEquipmentsHeads of AccountsSalesDue from CustomersPurchasesPurchase ReturnBank LoanCreditorsTaxesCash in HandNote PayableInventoryRepairReturn InwardTotalRefDebit5602.8501.260364528720226680461Php 7,649Credit1.5512.85053099626498Php 6,289

In this question we will make the error-free trial balance, here some heads of accounts balance is…

1. There are several mistakes in the Umer & Bros Ltd. Trial balance. Identify the errors and make the corrected trial balance. 10 8 11 7 S 6 3 4 1 2 Heads of Accounts Uner Owner Equity Umer Drawings Equipments Sales Due from Customers Purchases Purchase Return Bank Loan Creditors Taxes Cash in Hand Ref Debit 560 2.850 1.260 364 528 720 Credit 1.551 2.850 530 996

1. There are several mistakes in the Umer & Bros Ltd. Trial balance. Identify the errors and make the corrected trial balance. 10 8 11 7 S 6 3 4 1 2 Heads of Accounts Uner Owner Equity Umer Drawings Equipments Sales Due from Customers Purchases Purchase Return Bank Loan Creditors Taxes Cash in Hand Ref Debit 560 2.850 1.260 364 528 720 Credit 1.551 2.850 530 996

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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