Multiple Choice
Which of the following is true?
A) Error of casting affects personal accounts
B) Omission of a transaction from a subsidiary record affects only one account
C) Error of carry forward affects two accounts
D) Error of principle involves an incorrect allocation of expenditure or receipt between capital and revenue
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which of the following statements is correct?<br>A)The
Q7: The balance of which of the following
Q8: Which of the following should not be
Q9: The beginnings inventory of the current year
Q10: If goods worth ` 1,750 returned to
Q12: For the past 3 years, DK Ltd.
Q13: Which of the following is not correct?<br>A)Errors
Q14: Any donation received for a specific purpose
Q15: Which of the following statements is true?<br>A)Provision
Q16: Which of the following errors is an