If Machinery Account is debited with the amount of repairs incurred on the machine, this is an example of

Name: If Machinery Account is debited with the amount of repairs incurred on the machine, this is an example of
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Quizplus · Accepted Answer

This is an error of principle because it incorrectly applies accounting principles by debiting a capital account (Machinery Account) instead of an expense account for repairs, which misclassifies a revenue expense as a capital expenditure.

If Machinery Account Is Debited with the Amount of Repairs