Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office...
FINANCIAL
JAMB 1994
Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office expenses account and credited the bank account. What book-keeping error has he committed?
- A. Error of commission
- B. Error of reversal of entries
- C. Error of principle
- D. Compensating error
Correct Answer: C. Error of principle
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