1. Section 4 Finding and Correcting Errors on the Work Sheet
Chapter 7
Section 4
Finding and Correcting Errors on the Work Sheet

2. Correcting Accounting Errors On The Work Sheet
Errors in posting
Adjustments posted incorrectly
Adding columns incorrectly
ANY errors found on a work sheet must be corrected before any further work is completed.

3. CHECKING FOR TYPICAL CALCULATION ERRORS
Lesson 7-1
When two column totals are not in balance, subtract the smaller total from the larger total to find the difference.
Check the difference between the two amounts against the following guides.
1. The difference is 1, such as $.01, $.10, $1.00, or $ The error is most likely addition.
2. The difference can be divided evenly by 2. See if the answer is in the trial balance.
3. The difference can be divided evenly by 9. Look for numbers that are transposed 21 instead of 12.
4. The difference is an omitted amount.
Lesson 7-4, page 170

4. CHECKING FOR ERRORS IN THE WORK SHEET
Check for Errors in the Trial Balance Column
Have all general ledger account balances been copied in the Trial Balance column correctly?
Have all general ledger account balances been recorded in the correct Trial Balance column?
Check for Errors in the Adjustments Columns
Do the debits equal the credits for each adjustment?
Is the amount for each adjustment correct?
Check for Errors in Income Statement and Balance Sheet Columns
Has each amount been copied correctly?
Has each amount been extended to the correct column?
Has the net income/loss been calculated correctly?
Has the net income/loss been recorded in the correct column?
Lesson 7-4, page 171

5. Correcting an Error In Posting To The Wrong Account2
If the worksheet columns do not match, look for an error in the posting. If found:
1. Draw a line through the incorrect posting, recalculate the account balance and correct the worksheet.
2. Record posting in the correct place, recalculate and correct worksheet

6. Correcting An Incorrect Amount & An Amount Posted To The Wrong Column
Correct an Incorrect Amount
Draw a line through wrong amount
Write the correct amount just above it
Recalculate the account balance, and correct balance in worksheet also.
Correct an Amount Posted to the wrong column
Draw a line through incorrect item
Record posting in the correct account column.
Recalculate the account balance, and correct balance in worksheet also.

7. Work Together 7-4
Txtbk Page 173
Wkbk Page

8. WT 7-4
1. Find and list errors in general ledger accounts

9. WT 7-4
2. Find and list errors on work sheet

11.
300 00

12.
175 00

15. Classwork “OYO” textbook page 173 using workbook pages 141-147
7-4 APPLICATION textbook page 176 using workbook pages