Which of the following statements is correct regarding accounting errors?

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Casting errors are limited to personal accounts onlyLeaving out a transaction in a subsidiary book impacts just a single accountErrors in carrying forward balances affect two different accountsAn error of principle occurs when expenses or incomes are wrongly classified between capital and revenueNone of the above

Explanation

Casting errors can occur in any type of account, not exclusively in personal accounts, so option A is incorrect. When a transaction is omitted from subsidiary records, it affects two accounts because subsidiary books serve as original entry points; therefore, option B is false. Errors in carrying forward balances impact only one account, the one where the mistake happened, making option C incorrect. An error of principle arises from misclassifying expenditures or receipts between capital and revenue, which makes option D the accurate choice.