Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 41 - No. 41)
What is the impact of an error of principle?
The trial balance will not balance.
The trial balance will still balance, even though the error is present.
The error will be corrected immediately.
The error will affect the revenue.
Explanation
The trial balance will still balance because the debit and credit sides still equal each other.
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