A business has paid rent of $800. The payment has been entered in the books as follows.

Question:

Which type of error is this?

A. Commission

B. Compensating

C. Complete reversal

D Principle

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:16 AM

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A business has paid rent of $800. The payment has been entered in the books as follows.

Question:

Account debited Bank $800 Account credited Rent $800

Step by Step Answer:

The error described is C Complete reversal In this case the transa...View the full answer

Accounting A Level And AS Level

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