Accounting · Errors and Trial Balance
Which of the following describes the technical outcome when a bookkeeper erroneously records a credit purchase of office equipment as a credit purchase of inventory in the purchases day book, and how does this specific error interact with the structural integrity of the trial balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The trial balance will agree only if a suspense account is created to bridge the difference between the two ledger balances.
- 2The trial balance will fail to agree because the purchases account will be overcharged while the equipment account remains understated.
- 3The trial balance will agree because the debit and credit effects are equal in magnitude despite the misclassification of the asset as an expense.✓
- 4The trial balance will fail to agree because the entry involves a real account and a nominal account being interchanged.
Correct answer
The trial balance will agree because the debit and credit effects are equal in magnitude despite the misclassification of the asset as an expense.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Errors and Trial Balance MCQs →Want more practice questions on Errors and Trial Balance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Errors and Trial Balance