Errors of principle arise when b.
A. a. proper distinction is not made between capital and revenue.
B. a. there is an omission of transaction.
C. a. wrong amounts are entered in the subsidiary books.
D. a. transactions are entered in the wrong subsidiary books.
Answer:A
Errors of principle arise when b.
A. a. proper distinction is not made between capital and revenue. B. a. there is an omission of transaction. C. a. wrong amounts are entered in the subsidiary books. D. a. transactions are entered in the wrong subsidiary books.