Accountancy, asked by udhayaudhaya12351, 6 months ago

credit sales wrongly passed through the purchase book classify the principle of error​

Answers

Answered by gowthamthotakuri24
2

Answer:

what we need to do here no punctuation also

Answered by Chaitanya1696
0

We need to classify what is the principle of error.

  • The error made 'when credit sales are wrongly passed through the purchase book' is an error of principle.
  • An error of principle is a type of accounting mistake in which an entry goes against a fundamental principle of accounting
  • An error of principle can also be made when an entry goes against a fundamental accounting principle established by a company.
  • Errors of principle may include the correct amounts but they violate the accounting principles of the company.
  • The error of principle made will not affect the total in the trial balance.
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