` 5,500 incurred on sundry expenses inadvertently recorded in the books of account as ` 550. This is an example of -
A) Fraud .
B) Error of Commission .
C) Error of Principle .
D) Compensatory Error
Correct Answer:
Verified
Q22: Expenses A/c will always have -
A)Debit balance
Q23: Which of these is not a cause
Q24: Revenues affect net income -
A)in the period
Q25: Which of these Accounts are not closed
Q26: Undercasting of the total of Sales A/c
Q28: How does depreciation effect basic accounting equation
A)Leads
Q29: --- Principle specifies that cost or expenses
Q30: X a debtor is declared insolvent and
Q31: In question no. 351, Bad Debts A/c
Q32: It is supposed that on 31-12-20012, the
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