Day: February 24, 2023

The cost of a new machine has been debited to the repairs account.

What error is this an example of?

Select ONE answer:

1. commission
2. omission
3. principle
4. reversal of entries

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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