Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

Jake disposed of a non-current asset that had not yet been fully depreciated. He entered this wrongly by debiting the bank account and crediting the sales account with the proceeds. What effect did this error have?

  • A1 and 3
  • B1 and 4
  • C2 and 3
  • D2 and 4

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