Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?

804Active Users

804Active Users

64AccountingMedium

AError of commission

BError of omission

CError of duplication

DError of principle

Correct answer

D. Error of principle

Explanation

Error of principle is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________? - Answer and Explanation | Academy of Pakistan