ACCA

Preparing a Trial Balance and Error Correction

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ACCA FA — Financial Accounting Practice Exam 6

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Q07Easy2 marks·ACCA FA — Financial Accounting Practice Exam 6

Section A A cross-border logistics firm, TransGlobal, discovered that a payment of $4,500 for vehicle repairs was incorrectly debited to the Vehicles (Asset) account. The credit entry to the bank was correct. What is the name of this type of accounting error?

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