Accounting for IGCSE & O level - Accounting Procedures (Section 10 - No. 27)
If a purchase invoice for $200 was recorded in the purchases journal but was completely omitted from the supplier's account in the purchases ledger, what is the effect?
The trial balance will balance.
The trial balance will be out of balance.
The purchases are overstated.
The error is irrelevant.
Explanation
Double entry accounting will keep the balance.
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