- This topic has 3 replies, 2 voices, and was last updated 10 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Sir if
Business purchased Motor vehicle for 50000 as been recorded in Motor repairs in error
Will this affect the trail balance fail to tally and understate Profit?The trial balance will balance – it balances if the debits equals the credits.
Yes – the error will understate the profit.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.