Which of the following errors will not cause the trial balance to be out of order?
A. Rs. 590 received from P. Das has been debited to (b) Rs. 10 Das
B. A purchase of Rs. 258 from Lekhi has been debited to his account as Rs. 285
C. The total of the discount columm of the cash book (cr.) is Rs. 20 short
D. An invoice for Rs. 460 is entered in the sales book as Rs. 640
Answer: Option D
This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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