Accounting for IGCSE & O level - Accounting Procedures (Section 18 - No. 20)
What is the impact of an error of principle on the trial balance?
The trial balance remains balanced.
The trial balance will be unbalanced.
The trial balance will be zeroed out.
The error will be cancelled out.
Explanation
An error of principle does not impact the balance, because the same amount is posted on the correct side of the accounting equation.
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