Financial Accounting

1An error of principle occurs when

2A trial balance is prepared mainly to

3When a trial balance does not agree, the difference is placed temporarily in a

4An error that does NOT affect the agreement of the trial balance is an error of

5Recording the purchase of a van in the purchases account is an error of

6Posting a payment from Kofi to Kwame's account is an error of

7Which of these errors will NOT affect the agreement of the trial balance?

8Compensating errors are

9Rent of GH¢400 paid was entered on the credit side of the rent account. The suspense account will show

10An error where a transaction is completely left out of the books is an error of