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An item is posted to the correct side of the wrong type of account, as when cash paid for plant repairs (expense) is debited to plant account (asset).

What type of error is the above case?

(a) Ommision error.

(b) Addition error.

(c) Error of princible.

(d) Posting error.

 

 

 

 

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Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2015/03/12
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option >>>>>>>>>>>>>>>  (c) Error of principle.

instead of debiting  the expense account Asset account is debited.

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