Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 15 - No. 36)
A company paid $100 for employee changes, but recorded it as $1,000 in the accounts. What type of error occurred?
Error of omission.
Error of principle.
Error of original entry.
Error of complete reversal.
Explanation
An error of original entry involves recording an incorrect amount or details within the initial recording of the transaction.
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