If the amount is posted in the wrong account or i.t is written on the wrong side of the account, it is called error of principle. [May 2019, 2 Marks; June 2024, 2 Marks]
Options
A
B
C
D
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Accounting ProcessQuestion 4689 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Amount posted in the wrong account or on the wrong side of the account is an error
of commission.
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