Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Jason drew up the statement of financial position below, but it included errors.
(main)[7]

Jason drew up the statement of financial position below, but it included errors. Further mistakes were also found, as listed.

(a)[5]

Calculate the adjusted profit for the year ended 31 December 2020.

(b)[7]

Prepare the corrected statement of financial position for 31 December 2020.

(c)[3]

Identify three types of error that leave the trial balance still balancing.

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