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Question

Wages paid for installation of machinery debited to wages account. This is _______________.

A
Errors of commission
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B
Errors of partial omission
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C
Errors of principle
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D
Not a error at all
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Solution

The correct option is C Errors of principle
Wages paid for installation of machinery debited to wages account is an error of principle. An error of principle is an accounting mistake in which an entry is recorded in wrong account, violating the fundamental principles of accounts. Wages paid for installation of machinery should be recorded in machinery account and not wages account.

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