Accounting for IGCSE & O level - Accounting Procedures (Section 25 - No. 20)
Which of the following errors will have an impact on the income statement and the balance sheet?
A purchase invoice was recorded for the wrong amount.
A sale was recorded for the incorrect amount.
The bank account was debited for the wages and not wages expense.
The drawings account has been completely omitted.
Explanation
All the expenses will affect the income statement and the balance sheet.
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