Multiple Choice
An error of principle entry would occur if the sale of goods was:
A) Credited to a non-current asset account
B) Entered correctly to the sales account, but entered in the customer's account using the incorrect amount
C) Debited to the sales account and credited to the customer's account
D) Debited and credited to the correct accounts using the incorrect amount in both instances.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: An increase in the provision for doubtful
Q6: Select your answer by means of the
Q7: After calculating your company's profit for 20X1,
Q8: Which of the following is regarded as
Q9: When an incorrect amount has been entered
Q11: When an invoice dated 28 December has
Q12: Which of the following is a transposition
Q13: A bad debt of £14 which should
Q14: Which of the following is an error
Q15: A double posting error entry would occur