Which of the following is true?
A) Error of casting affects personal accounts
B) Omission of a transaction from a subsidiary record affects only one account
C) Error of carry forward affects two accounts
D) Error of principle involves an incorrect allocation of expenditure or receipt between capital and revenue
Correct Answer:
Verified
Q1: During the year 2011-2012, the value of
Q3: Journal proper is meant for recording
A)Credit purchase
Q4: The adjustment to be made for income
Q5: Which of the following statements is correct?
A)The
Q6: While finalizing the current year's accounts, the
Q7: Which of the following is not correct?
A)Errors
Q8: Which of the following errors is an
Q9: If goods worth ` 1,750 returned to
Q10: For the past 3 years, DK Ltd.
Q11: Purchase journal is kept to record
A)All purchases
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