name the error committed by violating the rules of accounting - Accountancy - Trial Balance and Rectification of Errors

Question

name the error committed by violating the rules of accounting

Mohit · Accepted Answer

Dear Student,
An error of principle is an accounting mistake in which an
entry is recorded in the incorrect account, violating the
fundamental principles of accounting An error of principle is a
procedural error, meaning that the value recorded was the correct
value but placed incorrectly
Regards