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प्रश्न
Wages paid for installation of machinery wrongly debited to wages account is an error of ______.
पर्याय
Partial omission
Principle
Complete omission
Duplication
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उत्तर
Wages paid for installation of machinery wrongly debited to wages account is an error of principle.
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संबंधित प्रश्न
A transaction not recorded at all is known as an error of ______.
What is meant by the error of principle?
What is meant by the error of partial omission?
What is meant by the error of complete omission?
Write a note on the error of principle by giving an example.
Which type of error affects only one side (debit or credit) of a single account and usually causes a difference in the trial balance?
What is the main impact of two-sided errors, such as errors of principle or compensating errors, on the trial balance?
Breaking accounting rules and misclassifying accounts is known as which type of error?
Why is a suspense account used in correcting accounting errors?
Which statement best summarizes the key differences between one-sided and two-sided accounting errors?
