A sales for N2,570 was recorded in the sales day book as N2750. The error committed was
-
A.
error of principle -
B.
error of commission -
C.
error of original entry -
D.
compensating error
Correct Answer: Option C
Explanation
An error of original entry occurs when an incorrect amount is posted to the correct account. A particular example of an error of original entry is a transposition error where the numbers are not entered in the correct order. This type of error deals directly with the wrong use of figures