Accounting for IGCSE & O level - Accounting Procedures (Section 1 - No. 35)
The error means that the balance include due trade payables accounts for \$449 and the purchases account have \$400 more than they should have from \$14,449 in the sorted balance. To select the error both balances had to be reduced by \$449.
To correct unintended credit purchases on the account.
To reduce the credit balance on the amount by \$210.
To correct the measurement of credit purchases.
To reduce the debit balance on the amount by \$210.
Explanation
The given details are to correct unintended credit purchases on the account. To correct the measurement of credit purchases.
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