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.
When sale of goods is not recorded, it is:
An error in posting
Error of omission
Error of commission
Error of principle
If suspense account does not balance off even after reconciliation of errors, it implies that:
There are same one sided errors only in the books yet to be located.
There are no more errors yet to be located.
There are some two sided errors only yet to be located.
There may be both one sided errors and two sided errors yet to be located.
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
