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Commerce · Q2747

Accounting

Graduate and Post Graduate · Commerce · question 2747

Q2747

Errors of principle arise when . . . . . . . .

A.
proper distinction is not made between capital and revenue
Answer
B.
there is an omission of transaction
C.
wrong amounts are entered in the subsidiary books
D.
transactions are entered in the wrong subsidiary books

Answer: Option A

Solution

Answer: Option A
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