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Forums › FIA Forums › FA2 Maintaining Financial Records Forums › Exam kit question
Errors of principle can be revealed by extracting a trial balance?
I m confusing abt this question.TQ
Why are you confused?
I explain what is mean by errors of principle in my free lectures (treating an expense of income item as though it was an asset or liability, or vice versa).
It will not be revealed by extracting a trial balance, because the debit will still equal the credit.
The lectures are a complete free course for Paper F3 and cover everything needed to be able to pass the exam well.
It’s because i hav read a question abt this n the ans said it will be revealed,so i just confused.
Anyway thanks a lot.