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    Question

    A credit purchase of machinery recorded in the Purchase

    Book instead of Journal Proper is an example of:
    A Compensating errors Correct Answer Incorrect Answer
    B Errors of commission Correct Answer Incorrect Answer
    C Errors of principle Correct Answer Incorrect Answer
    D Errors of omission Correct Answer Incorrect Answer

    Solution

    Errors of principle occur when an accounting entry violates fundamental principles, such as incorrectly recording a machinery purchase in the Purchase Book, instead of the Journal Proper, which is the correct place for such entries.

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