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10 points lephone expenses of $540 were incorrectly debited to the electricity account. Which below statement is valid? The above error is error of principle.

image text in transcribed 10 points lephone expenses of $540 were incorrectly debited to the electricity account. Which below statement is valid? The above error is error of principle. The correcting entry would be Dr. telephone expense $540 and Cr. electricity expense $540. The above error is error of commission. The correcting entry would be Dr. telephone expense $540 and Cr. electricity expense $540. The above error is error of principle. The correcting entry would be Dr. electricity expense $540 and Cr. telephone expense $540. The above error is error of commission. The correcting entry would be Dr. electricity expense $540 and Cr. telephone expense $540

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