Accounting · Correction of Errors
Which of the following represents an error of original entry?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The purchase of goods for resale using cash was debited to the purchases account but no credit entry was made.
- 2The purchase of goods for resale using cash was debited to the purchases account and credited to the sales day book using the correct amount in both case s.
- 3The purchase of goods for resale using cash was debited to the motor vehicles account and credite d to the cash book using the correct amount in both cases.
- 4The purchase of goods for resale using cash was debited to the purchases account and credited to the cash book using the incorrect amount in both cases.✓
Correct answer
The purchase of goods for resale using cash was debited to the purchases account and credited to the cash book using the incorrect amount in both cases.
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