An amount of Le2000 received from a customer, Koffi has b...
An amount of Le2000 received from a customer, Koffi has been credited to another customer, Kofigo's account. This is an error of?
Principle
Commission
Original entry
Complete reversal
Correct answer is B
Error of commission is an error that occurs when doing something wrong, such as including a wrong amount or including an amount in the wrong place.
For example, money that has been received from a customer is credited properly to the accounts receivable account, but to the wrong customer.
When a business is purchased, the double entries required in the purchaser's book are debit, ...
A balance of N102 on waged account was transferred as N120. This is error of ...
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...
The balance of the sales account is transferred to the trading account by ...
\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...
The transfer of goods between departments is recorded be debiting ...