Meaning of “error of principle” in the English Dictionary

business-english dictionary

"error of principle" in Business English

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error of principlenoun [ C ]


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 credit account are involved.

(Definition of “error of principle” from the Cambridge Business English Dictionary © Cambridge University Press)