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Exam kit question

Forums › FIA Forums › FA2 Maintaining Financial Records Forums › Exam kit question

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by junnybiee.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • August 14, 2018 at 8:37 am #467812
    junnybiee
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Errors of principle can be revealed by extracting a trial balance?

    I m confusing abt this question.TQ

    August 14, 2018 at 6:39 pm #467853
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54662
    • ☆☆☆☆☆

    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.

    August 15, 2018 at 10:55 am #467954
    junnybiee
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    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.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Exam kit question’ is closed to new replies.

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