Accounting for IGCSE & O level - Accounting Procedures (Section 13 - No. 4)
An accountant recorded a $200 purchase of supplies as a $2000 purchase. This error would best be classified as:
An error of omission
An error of commission
An error of principle
An error of original entry
Explanation
An error of original entry involves a mistake in the initial recording of a transaction amount.
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