JAMB Accounting 2020 Objective — Question 15

Question 15 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

15. The cost of repairing motor van was recorded in motor van account, the error committed is

A. A. No error
B. B. Error of commission
C. C. Error of principleCorrect
D. D. Error of compensation

Explanation

When an account of a nominal nature, such as repairs, is recorded in an account of a real nature, an error of principle has been committed.

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