Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Error of principle arises when ______. - Accountancy

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MCQ

Error of principle arises when ______.

Options

  • There is complete omission of a transaction

  • There is partial omission of a transaction

  • Distinction is not made between capital and revenue items

  • There are wrong postings and wrong castings

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Solution

Error of principle arises when distinction is not made between capital and revenue items.

Concept: Introduction of Errors
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Accountancy Answers Guide
Chapter 9 Rectification of Errors
Multiple choice questions | Q I 1. | Page 197
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