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JAMB Principles of Accounts 2010 Question 4

Question 4

Correction of Errors and Suspense Account

If salary account is debited instead of stationery account, the error committed is that of

  1. A.commission
  2. B.omission
  3. C.principle
  4. D.compensation.
Show the answer and explanation

Answer: A (commission)

Explanation

The amount went to the wrong account of the same class (both are expense accounts), which is an error of commission.