Multiple choice

Which of the following errors is an error of principle?

  1. Rs. 600 received from Ganpat has been debited to his account

  2. Purchase of Rs. 2, 000 has been entered in the sales journal

  3. Repairs of building have been debited to building account

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 An error of principle is an error in which the value recorded was the correct value but placed incorrectly.

Keep practicing — related questions