NABTEB Book Keeping 2015 Objective — Question 30
Question 30 of 40 from the National Business and Technical Examinations Board (NABTEB) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.
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A payment of #10,040 to a creditor entered in the books as #10,400 is an error of
- A. principle
- B. omission
- C. complete reversal
- D. original entryCorrect
Explanation
Recording an incorrect figure from the outset (entering #10,400 instead of #10,040) is an error of original entry.
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