17. Which one of following sentences does not explain the distinction between financial accounts and management accounts? A. Financial accounts are primarily for external users and management accounts are primarily for internals users B. Financial accounts are normally produced annually and management accounts are normally produced monthly

C. Financial account are more accurate than managment accounts D. Financial accounts are audited by an external auditor and managment accounts do not normally have external audit

14. Errors are corrected via the Journal because A. It saves the bookkeeper's time B. It saves entering them in the ledger C. It is much easier to do D. It provides a good record explaining the double entry records

15. Which of the following errors do not affect trial balance agreement?

i) Sales of $105 to A. Henry entered in P. Henry's account (ii) Cheque payment of $134 for Motor expenses entered only in Cash Book (iii) Purchases $440 from C. Browne entered in both accounts as $404 (iv) Wages account added up incorrectly, being totalled $10 too much

A. (i) and (iv) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)