Accounting for IGCSE & O level - Accounting Procedures (Section 15 - No. 41)
If a purchase of goods was correctly recorded in the purchases account but was omitted from the supplier's account in the purchase ledger, what will happen?
The trial balance will not balance.
The trial balance will balance.
The purchase will be overstated.
The purchases account will be unaffected.
Explanation
The trial balance is unaffected as it only looks at debit and credit totals
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