Which ONE of the following is an error of principle?
A: A gas bill credited to gas account and debited to the bank account.
B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account.
C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account.
D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
A: A gas bill credited to gas account and debited to the bank account.
B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account.
C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account.
D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
举一反三
- Which one of the following would be an error of principle? A: Plant and machinery purchased was credited to a non-current assets account B: Plant and machinery purchased was debited to the purchases account C: Plant and machinery purchased was debited to the equipment account D: Plant and machinery purchased was credited to the equipment account
- The increase of revenue should be ( ). A: debited to a revenue account B: debited to a expense account C: credited to a revenue account D: credited to a expense account
- When a company pays a bill, the account Cash will be__. A: No change B: Debited C: Credited
- Which one of the following would occur if the purchase of computer stationary was debited to the computer equipment at cost account?
- Stock purchased was debited incorrectly to the motor vehicles account. The effect on the profit and loss account would be ？ A: Asset unaffected B: Asset understated C: Profit unaffected D: Profit affected