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A sales for N2,570 was recorded in the sales day book as N2750. The error...

Accounts - Principles of Accounts
JAMB 2015

A sales for N2,570 was recorded in the sales day book as N2750. The error committed was

  • A. error of principle
  • B. error of commission
  • C. error of original entry
  • D. compensating error
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Correct Answer: Option C
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


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