Accounting for IGCSE & O level - Accounting Procedures (Section 12 - No. 33)
Which of the following describes an error of principle?
An entry is made on the correct side, but the amount is wrong.
The entry is recorded in the wrong type of account.
An entry is omitted.
The error is of the same amount.
Explanation
An error of principle is when the entry is made to the wrong type of account.
Comments (0)
