Home » Accounts (Principles of Accounts) » Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office…

Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office…

Mallam Gambo bought a freezer for his shop costing N10,500. In recording, he debited office expenses account and credited the bank account. What book-keeping error has he committed?
  • A.
    Error of commission
  • B.
    Error of reversal of entries
  • C.
    Error of principle
  • D.
    Compensating error
Correct Answer: Option C
Explanation