Paper 1 May/June 2008 Accounting (9706/01) A Level

A business has calculated its draft profit for the year as $15000. The following were then
discovered.
1 General expenses were understated by $600.
2 The sales journal total of $55 690 had been posted to the sales account as $56 590.
3 Repairs to vehicles of $1100 had been entered in the vehicles (at cost) account.
4 The salaries account included travelling expenses of $2400 paid to the salesmen.
What…