Which of the following errors is an error of principle?
A) Total sales figure was taken as ` 19,373 instead of ` 19,733
B) A discount of ` 30 allowed to Mr. A was not recorded in the discount allowed account
C) Legal charges for acquisition of building for ` 500 was entered in the Legal Expenses Account
D) 1,000 received from Mr. X was posted to the credit of Mr. M
Correct Answer:
Verified
Q26: Bank Overdraft is shown as a
A)Current Liability
Q27: Which of the following is NOT a
Q28: If Machinery Account is debited with the
Q29: Which of the following is true?
A)Bank Account
Q30: Which of the following is a liability
Q32: The book which all accounts of the
Q33: ` 500 paid as cartage on new
Q34: ` 4,500 paid to Madan as salary
Q35: While checking the accounts of ABC the
Q36: Rent outstanding for the month of December'12
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