Correction of errors

The sale of goods on credit of $700 to M. Bompart was entered in M. Bim's account in error. How do we correct this error of commission?

• Dr. M Bompart $700, Cr. M. Bim $700

• Dr. M Bim $700, Cr. M Bompart $700

• Dr. M Bompart $1400, Cr. M Bim $1400

• Dr. M Bim $1400, Cr. M Bompart $1400

The purchase of a vehicle on credit for $120,000 from Jacob Ltd was completely omitted in error. How do we correct this error of omission?

• Dr. Jacob Ltd $120,000, Cr. Vehicle $120,000

• Dr. Sales $120,000, Cr. Jacob Ltd $120,000

• Dr. Vehicle $120,000, Cr. Jacob Ltd $120,000

• Dr. Vehicle $120,000, Cr. Bank $120,000

The purchase of land for $50,000, was recorded as rent expense. How do we correct this error of principle?

• Dr. Rent $50,000, Cr. Land $50,000

• Dr. Land $50,000, Cr. Rent $50,000

• Dr. Land $50,000, Cr. Bank $50,000

• Dr. Bank $50,000, Cr. Land $50,000

The telephone expense paid by bank was entered in both accounts as $500 instead of $300. How do we correct this error of original entry?

• Dr. Telephone $500, Cr. Bank $500

• Dr. Bank $500, Cr. Telephone $500

• Dr. Telephone $200, Cr. Bank $200

• Dr. Bank $200, Cr. Telephone $200

The Purchases Journal was overstated by $100 and the Sales Journal was overstated by $100 in error. How do we correct this compensating error?

• Dr. Purchases $100, Cr. Sales $100

• Dr. Sales $100, Cr. Purchases $100

• Dr. Purchases $200, Cr. Sales $200

• Dr. Sales $200, Cr. Purchases $200

B. Pope pays us $400 by cheque. We record the transaction by Dr. B. Pope $400 and Cr. Bank $400 in error. How do we correct this error of complete reversal?

• Dr, B Pope $400, Cr. Bank $400

• Dr. B. Pope $800, Cr. Bank $800

• Dr. Bank $800, Cr. B. Pope $800

• Dr. B Pope $800, Cr. Bank $800