Question
1- When the purchase of a fixed asset, such as a van, is debited to an expenses account, such as motor expenses account, the error
Which of these errors would be disclosed by the trial balance? A purchase of 250 was omitted entirely from the books.Selling expenses had been debited to Sales AccountCredit sales of 300 entered in both double entry accounts as 30Cheque 95 from Soha entered in Soha's account as 59
Which of the following do not affect trial balance agreement? i onlyBoth the errors will affect the trial balanceii onlyNone of the errors will affect the trial balance
(i) Sales $675 to Hashim entered in Hashirs account
(ii) Cheque payment of $264 for Office entered only in Cash Book
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started