Accountancy, asked by mehrajmunshi2039, 21 hours ago

explain errors of principal.​

Answers

Answered by fathimaabeeze2009
1

Answer:

your answer

Explanation:

Errors of principle are often simply accounting entries recorded in the incorrect account. The amounts are often correct, unlike an error of original entry. Oftentimes, the error of principle is a procedural error, meaning that the value recorded is correct but the entries are made in the wrong accounts

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