Accounting for IGCSE & O level - Accounting Procedures (Section 22 - No. 49)
Which of the following errors would NOT cause the trial balance to be imbalanced?
A purchase of goods recorded only in the debit side of the purchases account.
A sales transaction omitted from the sales journal.
A transposition error (e.g. $123 recorded as $132).
A purchase of equipment incorrectly debited to the repairs expense account.
Explanation
Transposition errors, where the numbers are rearranged, still balance within the double-entry system; therefore, the trial balance remains balanced, but is incorrect.
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