error of principle Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “error of principle” in the English Dictionary

"error of principle" in Business English

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error of principlenoun [C]

uk   us   ACCOUNTING
a mistake that consists of putting an ​amount into the wrong ​account in a set of ​accounts: An ​error of ​principle is when a ​transaction affects the same ​type of ​account, so does not ​apply if a ​debit and ​creditaccount are involved.
(Definition of error of principle from the Cambridge Business English Dictionary © Cambridge University Press)
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