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?
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A.
Error of commission
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B.
Error of reversal of entries
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C.
Error of principle
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D.
Compensating error
Correct Answer: Option C
Explanation
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