A sales for N2,570 was recorded in the sales day book as ...
A sales for N2,570 was recorded in the sales day book as N2750. The error committed was
Error of principle
Error of commission
Error of original entry
Compensating error
Correct answer is C
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
Given: Fixed assets N85,600 Sales N197,000 Stock N34,300 Salaries N37,000 Purchases N127,700 S...
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
A sales journal is used to record ...
The standing order is a payment instruction given by a ...
The conventional sources of public revenue includes ...
Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...