Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 14)

A payment of $230 for those purchased on credit from M Shah had been debited in error to the trade payable account for J Shah. What type of error is it?

Error of principle

Error of commission

Error of omission

Compensating error

Explanation

The error of commission is when the transaction is recorded in the wrong account.

Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 14)

Explanation

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