A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2022 · Q51 Mark
Which item is an error of principle?
ANo record was made of inventory withdrawn by the owner for private use.
BSales returns were credited to the returns inwards account.
CThe amount shown on a purchases invoice for goods for resale was incorrectly recorded in the purchases journal.
DThe cost of machinery repairs was debited to the machinery at cost account.
✓ Correct answer
D: The cost of machinery repairs was debited to the machinery at cost account.
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