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WAEC Financial Accounting 1995 Question 18

Question 18

Correction of Errors and Suspense Account

Credit sales were debited to A. Akpan instead of B. Akpan. This is an error of

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

Answer: D (commission)

Explanation

Right type of account but the wrong person: an error of commission.