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प्रश्न
What is meant by the error of principle?
एका वाक्यात उत्तर
उत्तर
It means the mistake committed in the application of fundamental accounting principles in recording a transaction in the books of accounts.
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Classification of Errors
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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संबंधित प्रश्न
Errors not affecting the agreement of trial balance are ______.
A transaction not recorded at all is known as an error of ______.
Wages paid for installation of machinery wrongly debited to wages account is an error of ______.
What is meant by the error of partial omission?
What is meant by the error of complete omission?
What are compensating errors?
Write a note on the error of principle by giving an example.
State the account/s affected in the following error:
The total of purchases book ₹ 4,500 was posted twice.
