Home » Accounts (Principles of Accounts) » The purchase of furniture, an asset to the company was debited to purchases account. This…The purchase of furniture, an asset to the company was debited to purchases account. This… The purchase of furniture, an asset to the company was debited to purchases account. This is an error of A. omission B. original entry C. principle D. commission Correct Answer: Option C Explanation Related Posts N Bank account 59,410 Capital account 50,000 Purchase account 20,000 Rent 2,500 Stationery 90 typewriter… Given: Sales #180,000 Stock 1/1 # 25,000 Purchases #110,000 Sales returns # 1000 Purchases returns… Where a wrong figure occurs in only one account with the second figure correctly stated,… A trial balance is a list of Determine the gross profit? Use the information below to answer question An asset was purchase for N343m in 2003….
N Bank account 59,410 Capital account 50,000 Purchase account 20,000 Rent 2,500 Stationery 90 typewriter…
