Day: April 26, 2024

Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, the error is known as an error of?

Select ONE answer:

1. Omission
2. Original entry
3. Commission
4. Principle

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 2

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

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