Day: May 14, 2024

An error of principle would occur if plant and machinery purchased….?

Select ONE answer:

1. Was credited to a non-current assets account
2. Was debited to the purchases account
3. Was debited to the equipment account
4. Was debited to the correct account but with the wrong amount

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Notcorrect
2. Correct
3. Not correct
4. Not correct

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