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Correction of errors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Correction of errors

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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  • Author
    Posts
  • August 28, 2020 at 6:21 pm #582552
    accamax
    Member
    • Topics: 4
    • Replies: 2
    • ☆

    In an accounting system where individual receivables and payables ledger accounts are maintained as an integral part of the double entry system, which of the following errors will not be identified by a trial balance?

    A overcasting of the sales day book
    B undercasting of the analysed cash book
    C failure to transfer a non-current asset to the disposal account when sold
    D transposition error in an individual receivables account

    Source: Kaplan Study Book

    The answer: C

    However, IMO it is A because once there is no control account, in the case of over/undercasting in sales day book you cannot detect discrepancy between total of individual accounst and control account which is transferred from sales day book.

    August 29, 2020 at 8:55 am #582588
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51529
    • ☆☆☆☆☆

    A and C are both correct.

    A is correct for the reason you have written (that there is no control account).
    C is correct because failing to make a double entry will not stop the TB from balancing.

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