Purchase account is overcast by 200 while wages... - WAEC Accounting 2014 Question
Purchase account is overcast by ₦200, while wages account is undercast by ₦200. This is
A
an error of omission
B
a compensating error
C
an error of commision
D
an error of principal
correct option: c
error of commission; is a mistake that consists of doing something wrong, such as including a wrong amount, or including an amount in the wrong place: When a transaction has been miss-recorded either wholly or partially
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