errors discovered after the trial balance

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
A disagreement has arisen at my college as to whether the following is an error of principle or a mispost/error of commision:<BR><BR>'The proprietress had withdrawn £140 for private use during March that had been debited to the wages account' <BR><BR>I would be grateful for any comments, myself I think error of principle, but the class was equally split.<BR><BR>

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    errors discovered after the trial balance

    I think this should be an error of principle. An error of commission is where one or both sides of a double-entry has been posted to the wrong account (but is within the same class of account). Drawings and Expenses (Wages) are not the same class of account.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    errors discovered after the trial balance

    I'm with Smigger on this one- it is an error of principle.<BR><BR>The entry has been posted to the wrong account. <BR><BR>A mis-post is when it goes to the wrong person's account, e.g. A.T. Hughes instead of A.J. Hughes.

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