Question

errors of principle and omission

Answer 1

HEY USER
. I THINK


An error of principle is a procedural error, meaning that the value recorded was the correct value but placed incorrectly. ... An error of principle is different than failing to record the item in question (“error of omission”), or recording the wrong value in the correct account (“error of commission”).


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Answer 2

Error of principle:These are the errors in which an entry is recorded in the wrong class of account

Error of Omissision:One of the most common error is that an event escapes recording.This means that an event occured but we did not record it