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Subject - Accounting:

Financial Accounting

MCQ - 123-125

Question:

When one or both aspects of a transaction are recorded in the wrong class or category of account, this is called:

  1. Error of principle
  2. Error of omission
  3. Error of commission
  4. Error of omission

Correct Answer: A

Explanation:

Not required

Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: When one or both aspects of a transaction are recorded in the wrong class or category of account, this is called: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 123-125.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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