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Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office...

Accounts - Principles of Accounts
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
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Correct Answer: Option C
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JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Software 2025 - Free Download
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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