A. an entry has been made on the wrong class of account B. a transaction has been completely omitted C. an entry has been made on the wrong side of the two accounts corcened D. a transaction is entered in both accounts for the wrong amount
Correct Answer: A
Explanation
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.
