Correction of errors
Step 3: Make Appropriate Adjustments .... Example one ~ A refund of $300 to a
debtor was recorded as a receipt from him. Step 1: Identify the Right Entries .....
Sales (2,000-400)/80%. 2,000. Debtors. 2,000. Stock. 1,600. Trading ? closing
stock. 1,600. 6. Suspense account. 5400. Debtors (Trial Balance). 5400. 7. Bank.
60.