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Verlon Mills thinks the following mistakes may have been made in his accounting records: (i) a credit sale was recorded at the wrong value in
Verlon Mills thinks the following mistakes may have been made in his accounting records: (i) a credit sale was recorded at the wrong value in the sales account (ii) a cheque issued to a credit supplier was debited to the purchases account. The credit entry was made correctly. Which of the mistake(s) will be revealed by extracting a trial balance?
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1 Making an error when recording a credit sale in the sales account this could have ...
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
7th edition
77138449, 978-0077132682, 77132688, 978-0077138448
