WAEC Accounting 2018 Objective — Question 13
Question 13 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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An amount of Le2,000 received from a customer, Kofi has been credited to another customer, Kofigo's account. This is
- A. an error of principle
- B. an error of commissionCorrect
- C. an error of original entry
- D. a complete reversal
Explanation
Posting an amount to the wrong customer's account (of the same class — both are personal/customer accounts) is an error of commission.
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