MCQ Practice

Which of the following error is an error of principle

Subject: AccountingTopic: Accounting
A

5,000 received from Sham credited to Ram A/c

B

5,000 incurred on installation of new plant debited to travelling expenses A/c

C

500 paid for wages debited to salary A/c

D

500 being purchase of raw material debited to purchase A/c ` 50

Correct Answer: B