Mr A purchases a piece of land for cash and debit made to-10856
Mr. A purchases a piece of land for cash and debit made to machinery account. What would be the effect of this error on the trial balance?
This multiple choice question (MCQ) is related to the book/course
vu fin621 Financial Statement Analysis.
It can also be found in
vu fin621 Final Term - Quiz No.3.
Mr. A purchases a piece of land for cash and debit made to machinery account. What would be the effect of this error on the trial balance?
Debit side would be decrease with the same amount
Credit side would be increase with the same amount
Total of the trial balance would be agree in all aspect
None of the given options
