Purchase of a new car debited to Car Maintenance account. It is: (a) Principle Error (a) Compensating

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Purchase of a new car debited to Car Maintenance account. It is:

(a) Principle Error

(a) Compensating Error

(b) Posting to Wrong Account

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Posted: Aug 26, 2023 03:42 AM

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Purchase of a new car debited to Car Maintenance account. It is: (a) Principle Error (a) Compensating

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This error is known as Posting to Wrong Account Heres an explanation When a purchase of a new ca...View the full answer

Financial Accounting For Management

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