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WAEC Financial Accounting 2019 Question 20

Question 20

Correction of Errors and Suspense Account

Goods bought from Samah for Le 1,600 was entered into Shamail's Account. This is an error of

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

Answer: B (commission.)

Explanation

Right amount, wrong personal account of the same class: error of commission.