Accounting · Trial Balance
Which of the following errors will cause the disagreement of a Trial Balance?
- 1Error of principle where a capital expenditure of 10,000 is treated as a revenue expenditure
- 2Recording 5,000 as a purchase in the Journal, but posting it as 500 in the Ledger✓
- 3Error of complete omission in the Journal
- 4Compensating errors
Correct answer
Recording 5,000 as a purchase in the Journal, but posting it as 500 in the Ledger
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