Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 44)
What happens if a journal entry is omitted?
The trial balance will not balance.
The financial statements will have errors.
The profit will be overstated.
The financial statements will be accurate.
Explanation
An omitted journal entry leads to an imbalance in the trial balance and inaccurate financial statements.
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