Auditing Studies

Cover Auditing Studies
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00.
August, 1914, page 72, "Telegraph and Telephone" column overfooted $10. 00.
In footing the sales book, which was simply a summary of sales, the errors detailed below were found : January, 1914, page 4, underfooted $80. 00.
March, 1914, page 16, underfooted $0. 99.
September, 1914, page 52, overfooted $10. 01.
October, 1914, page 55, overfooted $1. 00.
December, 1914, page 61, overfooted $20. 00.
In footing the cash book : October, 1914, Receipt side: "Accounts Receivable" col- umn overfoote
...d $10. 00.
July, 1914, Disbursement side. "Accounts Payable" column overfooted $10. 00.
An entry was found in the journal under date of December 31, 1914: Expense $0. 01 To Accounts receivable $0. 01 To adjust control to subsidiary accounts.
The footing of the column in the Purchase journal "General Expense" in July, 1914, $21078, was posted to the "Postage" account.
In the journal entry of November 16, 1914: Accounts payable $3, 910. 00 To Notes payable $3, 910. 00 The debit was posted correctly, but the credit was posted as $3, 905.


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