Which of the following is not an error of principle:(a) Purchase of furniture debited to purchases account.(b) Repairs on the overhauling of second hand machinery purchased debited to repairs account. (c) Cash received from Manoj posted to Saroj.(d) Sale of old car credited to sales account.
Which of the following is not an error of principle:(a) Purchase of furniture debited to purchases account.(b) Repairs on the overhauling of second hand machinery purchased debited to repairs account. (c) Cash received from Manoj posted to Saroj.(d) Sale of old car credited to sales account.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is not an error of principle:
(a) Purchase of furniture debited to purchases account.
(b) Repairs on the overhauling of second hand machinery purchased debited to repairs account. (c) Cash received from Manoj posted to Saroj.
(d) Sale of old car credited to sales account.
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