Which of the following errors would cause a trial balance not to balance?
A: An error in the addition in the cash book
B: Failure to record a transaction at all
C: Cost of a motor vehicle debited to motor expenses account. The cash entry was correctly made
D: Goods taken by the proprietor of a business recorded by debiting purchases and crediting drawings account
A: An error in the addition in the cash book
B: Failure to record a transaction at all
C: Cost of a motor vehicle debited to motor expenses account. The cash entry was correctly made
D: Goods taken by the proprietor of a business recorded by debiting purchases and crediting drawings account
举一反三
- If a business proprietor pays their personal income into the business bank account, what is the accounting double entry to record the transaction? A: Dr Drawings Cr Cash B: Dr Cash Cr Sales C: Dr Cash Cr Drawings D: Dr Expense Cr Cash
- Which of the following would explain why the petty cash book balance is the same as the amount of cash in the petty cash tin? A: Theft B: Casting error in the petty cash book C: The petty cash has not been topped up to the imprest D: An incorrect amount recorded on a petty cash voucher
- 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.
- on a trial balance, which of the following would indicate that an error has been made?
- The balance on the receivables control account should be reconciled to which of the following? A: The sales day book B: The receivables ledger C: Invoices and remittance advices D: The cash book