credit sales wrongly passed through the purchase book classify the principle of error
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what we need to do here no punctuation also
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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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