Question 36
Correction of Errors and Suspense AccountA balance of ₦102 on wages account was transferred as ₦120. This is error of
- A.transposition
- B.omission
- C.principle
- D.original entry
- E.compensation.
Show the answer and explanation
Answer: A (transposition)
Explanation
The digits 0 and 2 were swapped (102 → 120): a transposition error.