Which one of the following would be an error of principle?
A: Plant and machinery purchased was credited to a non-current assets account
B: Plant and machinery purchased was debited to the purchases account
C: Plant and machinery purchased was debited to the equipment account
D: Plant and machinery purchased was credited to the equipment account
A: Plant and machinery purchased was credited to a non-current assets account
B: Plant and machinery purchased was debited to the purchases account
C: Plant and machinery purchased was debited to the equipment account
D: Plant and machinery purchased was credited to the equipment account
举一反三
- Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
- FastForward purchased $25,000 of equipment for cash. The Equipment asset account is _______________ for $25,000 and the cash account is _______________ for $25,000.
- The increase of revenue should be ( ). A: debited to a revenue account B: debited to a expense account C: credited to a revenue account D: credited to a expense account
- 中国大学MOOC: A company purchased an equipment by paying $26, 000 cash. When this transaction is recorded, the cash account is debited for $26, 000.
- Which one of the following would occur if the purchase of computer stationary was debited to the computer equipment at cost account?