WAEC Accounting 2024 Objective — Question 30
Question 30 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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A credit purchase of D63 from Kofi has been entered in his accounts as D16. This is an error of
- A. principle
- B. original entryCorrect
- C. complete reversal of entry
- D. omission
Explanation
Recording the wrong amount for a genuine transaction, while posting it to the correct accounts, is an error of original entry.
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