When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called

When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called Correct Answer Error of principle

When one or both aspects of a transaction are recorded in the wrong class or category of account, it is called Error of principle. An error of principle is an accounting mistake in which an entry is recorded in the incorrect account, violating the fundamental principles of accounting.
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Related Questions

Consider the following table named 'account' . What is the correct SQL to get all the account information of 'Motijheel' branch. Account ID 10001 10002 10003 Account Holder Md. Humaun Kabir Ruhul Amin Aminul Hossain Account type Savings Savings Business Branch Motijheel Uttara Motijheel
A garments factory employs 3 categories of workers K, M and N. The efficiency of the 3 categories of workers to do a specific task is in the ratio of 3 : 5 : 6 respectively and the factory employs 15 of category K, 12 of category M and 3 of category N. If the total wages paid to the entire group of 30 workers is Tk. 492 per hour, what will be the wages earned by a category N worker for an 8-hour day?
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Five years ago, Tk. 1,200 was deposited into a savings account paying 4.5% interest. Today, the balance in the account is Tk. 1,495. If interest paid on the account was compounded annually, how much interest on interest was earned?
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