A sales for N2570 was recorded in the sales day book as N2750. The error committed was?

By: |Published on: Nov 30|Categories: Accounting JAMB| 0 comments

A. error of principle
B. error of commission
C. error of original entry
D. compensating error

Correct Answer:

Option C – error of original entry

Explanation

An error of original entry occurs when an incorrect amount is posted to the correct account. A particular example of an error of original entry is a transposition error where the numbers are not entered in the correct order. This type of error deals directly with the wrong use of figures

Users Also Read These:

SEE ALSO  Discounts granted branch customers are treated as a debit to branch?

Copyright warnings! Do not copy.