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Mallam Gambo bought a freezer for his shop costing ₦10,500. In recording, he d...


Question

Mallam Gambo bought a freezer for his shop costing ₦10,500. In recording, he debited office expenses account and credited the bank account. What book-keeping error has he committed?

Options

A)
Error of commission
B)
Error of reversal of entries
C)
Error of principle
D)
Compensating error

The correct answer is C.


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