Name the error which was made under the following circumstances: Business bought goods on credit from Mr. Shikongo. The bookkeeper credited the account of Mr. Shilongo. a. Compensating error O b. Commission error O c. Principle error O d. Error of complete reversal

Name the error which was made under the following circumstances: Business bought goods on credit from Mr. Shikongo. The bookkeeper credited the account of Mr. Shilongo. a. Compensating error O b. Commission error O c. Principle error O d. Error of complete reversal

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 3MC: If a customer pays with a credit card and the service has been provided, which of the following...

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Question

Name the error which was made under the following circumstances: Business bought goods on credit from Mr.
Shikongo. The bookkeeper credited the account of Mr. Shilongo.
a. Compensating error
O b. Commission error
O c. Principle error
O d. Error of complete reversal

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