Question

The accountant of a business has recorded the sale of old plant in

sales book. Identify the error involved? What will be the impact of

this on the Trial Balance? Mention one more type of error of the

same impact with example​

Answer 1

Answer:

1 . It is an error of principle

2. This error do not affect the trial balace

3. Eg : purchase of office furniture debited to purchase account.