Which of the following errors will affect the agreement o...
Which of the following errors will affect the agreement of the trial balance?
Error of original entry
Error of commission
Error of transposition
Error of omission
Correct answer is C
A transposition error is a simple error of data entry that occurs when two digits that are either individual or part of a larger sequence of numbers are accidentally reversed (transposed) when posting a transaction.
What is the figure for purchases? ...
Which of the following is not a revenue to a local government? ...
Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...
The value of the sales ledger control account is derived from the summation of ...
Use the following information to answer the given question \(\begin{array}{c|c} \text{Opening s...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
A bank statement shows an overdraft of GH¢ 190,000. Kofi a debtor paid GH¢ 400,000 into th...
In a control account, discount received is found on the ...
Trading Account (Extract) .................N.............................N...... Opening stock.....