The trial balance prepared by GD Villa Consulting as at September 30, 2020 was not in balance. In searching for the error, an employee discovered that a transaction for the purchase of a computer set on credit for P56,000 has been recorded by a debit of P56,000 to the Office Equipment account and a credit to Accounts Payable of P65,000. The credit column of the incorrect trial balance had a total of P934,000. The debit column of the trial balance before correction of the error is?
The trial balance prepared by GD Villa Consulting as at September 30, 2020 was not in balance. In searching for the error, an employee discovered that a transaction for the purchase of a computer set on credit for P56,000 has been recorded by a debit of P56,000 to the Office Equipment account and a credit to Accounts Payable of P65,000. The credit column of the incorrect trial balance had a total of P934,000. The debit column of the trial balance before correction of the error is?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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