WAEC - Accounts Principles Of Accounts (2018 - No. 13)
An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo's account. This is an error of?
principle
commission
original entry
complete reversal
Explanation
Error of commission is an error that occurs when doing something wrong, such as including a wrong amount or including an amount in the wrong place.
For example, money that has been received from a customer is credited properly to the accounts receivable account, but to the wrong customer.
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