Two sided errors will not affect the:
Profit and loss account
Trial Balance account
Ledger account
Balance sheet
Which of the following is not an error of principle.
Purchase of furniture debited to purchase account
Repairs on the over handling of second hand machinery purchased debited to repairs account
Cash received from Roy posted to Alen.
Sale of old car canceled to sales account.
If two sides of trial balance shows an equal balance, it is presumed that:
the balancing to the ledger are accurate
the posting to the ledger are accurate
the journalising to the ledger are accurate
the transferring to the ledger are accurate
