Question
Purchase of a laptop for office use wrongly debited to
Purchase Account. It is an error ofSolution
When a purchase of a laptop for office use is wrongly debited to the Purchase Account, it is an error of principle. This type of error occurs when a transaction is recorded in the correct class of accounts but under the wrong category within that class. In this case, the error involves a violation of the accounting principle or concept because an expense (office use) has been incorrectly recorded as a purchase.
What will be the interest on Rs 4000 at the rate of 30% per annum after 1 year when the interest is compounded every 4 months?
Which among the following is the primary function of a scanner?
Which control does access use to link data access page components to access data?
Statement :
All hotels are rooms.
All rooms are flats.
All flats are buildings.
No building is apartments.
Conclusi...
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