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POA Past Papers

The document outlines three errors related to financial accounting: Error A involves the incorrect recording of office furniture, Error B misclassifies capital expenditure as revenue expenditure, and Error C involves an overstatement of capital expenditure. It also indicates the effects of these errors on non-current assets and profit for the year ended December 31, 2022. The document presents a summary of the errors and their impact on financial statements.

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Soraiya Mohammed
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229 views1 page

POA Past Papers

The document outlines three errors related to financial accounting: Error A involves the incorrect recording of office furniture, Error B misclassifies capital expenditure as revenue expenditure, and Error C involves an overstatement of capital expenditure. It also indicates the effects of these errors on non-current assets and profit for the year ended December 31, 2022. The document presents a summary of the errors and their impact on financial statements.

Uploaded by

Soraiya Mohammed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

MAY/JUNE 2023

Error A – the balance of $12436 for office furniture was recorded in the ledger account as $12436

Error B – An item of capital expenditure had been recorded as revenue expenditure

Error C –An item of capital expenditure had been overstated in the books

non current assets as at Profit for the year ended


Decmeber 2022 31 dec 2022

understate understate no
Error overstated d overstated d effect
A  
B  
C  

MAY/JUNE 2009

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