Errors of principle arises when:
A. Distinction is not made between capital and revenue items
B. There are wrong postings and wrong castings
C. There is complete omission of a transaction
D. There is partial omission of a transaction
Answer:A
Errors of principle arises when:
A. Distinction is not made between capital and revenue items B. There are wrong postings and wrong castings C. There is complete omission of a transaction D. There is partial omission of a transaction