When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called Options: A . &nbspError of principle B . &nbspError of omission C . &nbspError of commission D . &nbspError of original entry

When one or both aspects of a transaction are recorded in the wrong class or cat

Question

When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called

Options:

A . Error of principle

B . Error of omission

C . Error of commission

D . Error of original entry

Answer: Option A

Submit Your Solution Below and Earn Points !

Next Question

Question 1. Which of the following would NOT be considered as a component of 'cost' of stock?....

Question 2. Which of the following is TRUE about the treatment of insurance premium paid in advance....

Question 3. Which of the following is (are) type(s) of Public Limited Companies?....

Question 4. The charter of a company which defines the limitations and powers of the company is called....

Question 5. Merchandise on hand at either the beginning or end of the accounting period is called....

Question 6. Which of the following capital is taken up by the general public?....

Question 7. Which of the following items of balance sheet are useful in evaluating a company's liquidity?....

Question 8. Which of the following can be distributed among the shareholders?....

Question 9. Which of the following is non-profit organization?....

Question 10. Shares for which amount is paid by public are called ____ shares....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0