error of principle - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “error of principle”

error of principle

noun [C]
 
 
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 credit account are involved.
(Definition of error of principle from the Cambridge Business English Dictionary © Cambridge University Press)
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