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WAEC Financial Accounting 1994 Question 41

Question 41

Correction of Errors and Suspense Account

Purchase of goods for ₦1,000 from Chukwu had been entered in Chukwura's Account. This is an error of

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

Answer: C (commission)

Explanation

Right class of account, wrong person: an error of commission.