Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 36)
The debit and credit entries made were the correct amounts, but the wrong accounts were used. Which type of error is this?
Error of commission
Error of principle
Compensating error
Error of original entry
Explanation
Errors of principle involve using the wrong accounts for the entry, despite using the correct amounts.
Comments (0)
