If rent account is debited instead of rate account, the e...
If rent account is debited instead of rate account, the error committed is that of;
Omission
Commission
Principle
Original entry
Correct answer is A
Error of omission: An error that occurs when action has not been taken or when something has been left out.
A source document is used for verifying the? ...
A non-profit-making organization differs from a profit-making one in that? ...
Mark-up on goods sent to branch are recorded in the books by crediting ...
The authorized share capital of a limited liability company is the number of shares ...
The trading account is to a sole trader what income and expenditure account is to a? ...
Given: ..............Rich Social Club........... Cash.........................N100,000 Loan ........
Yahya's bank account shows a credit balance of N1500,000. He paid N1700,000 into the bank. What...