- 1 Marks
FA – May 2012 – L1 – SA – Q14 – Correction of Errors
Identifying the type of error when maintenance cost is debited to the wrong account.
Question
The amount of N500,000 for the maintenance of the factory machine was debited to the Plant and Machinery account after crediting the bank account with the same amount. Which error has been committed?
A. Complete reversal of entries
B. Error of commission
C. Error of original entry
D. Error of omission
E. Error of principle
Find Related Questions by Tags, levels, etc.
- Tags: Error Correction, Maintenance Cost, Principle
- Level: Level 1
- Topic: Correction of errors
- Series: MAY 2012
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