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Commerce · Q2870

Accounting

Graduate and Post Graduate · Commerce · question 2870

Q2870

Which one of the following errors is an error of principle?

A.
Debiting repairs account instead of furniture account
Answer
B.
Sale of Rs. 200 entered in the books as Rs. 2000
C.
Cash sale of Rs. 500 wrongly entered in sales book
D.
Purchase transaction entered in purchases return book

Answer: Option A

Solution

Answer: Option A
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