Question
A credit purchase of machinery recorded in the Purchase
Book instead of Journal Proper is an example of:Solution
Errors of principle occur when an accounting entry violates fundamental principles, such as incorrectly recording a machinery purchase in the Purchase Book, instead of the Journal Proper, which is the correct place for such entries.
I n the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statements: B > A = D ≥ C = I ≥ H > E > F > G
Conclusions:
I. C ≥ E
II. E > C
III. A ≥ DStatements: S > V = T, U < X < T, W > U
Conclusions:
I. W > T
II. V > U
III. S > X
In the following question, the relationship between different elements is given in the statements followed by three conclusions I, II and III. Read the...
Statements: L < E; M = O; E >K ≥ M
Conclusions:
I. L < M
II. K = O
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statements: R < S = K < T ≤ F; T > E; I = T ≤ W
Conclusions:
I. W > K
II. F ≥ R
III. R < F
Statements: G < B ≤ T < U = F ≥ S
Conclusion: I. S ≤ T II. F > B
...Statements: P = Q = R > S > T > Z; U > R < V < W > X
Conclusions:
I. W > Z
II. R < W
III. R < X
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