Correction of errors

Purchase return of $87 was entered in both accounts as $870

• Commission

• Original Entry

• Reversal

• Compensating

Sales of credit for $44 to Noor was debited to the account of Yarin

• Commission

• Principle

• Reversal

• Omission

Office expenses of $21 was actually a payment made for the owner's private expenses

• Omission

• Principle

• Compensating

• Commission

Purchases returns of $55 was debited to purchase returns and credited to trade payables

• Reversal

• Omission

• Principle

• Compensating

Payment of cash made for $56 for heating costs was missed out of the double entry account

• Omission

• Reversal

• Compensating

• Commission

Sales of Van used in business for $500 was credited to the sales account

• Commission

• Omission

• Reversal

• Principle

Sale of $48 cash were debited to sales and credited to cash

• Omission

• Principle

• Reversal

• Commission

Both discount allowed and discounts received were overcast by $57

• Reversal

• Omission

• Compensating

• Principle

Insurance paid in cash for $52 was entered in both accounts as $43

• Original entry

• Reversal

• Commission

• Compensating

Sale on credit to Georgia for $110 was debited to sales and credited to the customer's account

• Original entry

• Compensating

• Reversal

• Omission