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

804Active Users

804Active Users

96AuditingMedium

AError of commission

BError of principle

CError of duplication

DError of omission

Correct answer

B. 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