A suppliers invoice for 1,500 less 10% trade discount has been entered in the Purchases Day Book
Question:
A supplier’s invoice for £1,500 less 10% trade discount has been entered in the Purchases Day Book as £1,500 instead of £1,350. What type of error would this be?
(a) Error of principle
(b) Entry error
(c) Error of principle
(d) Error of commission
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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