Which of the following is an example of a transposition error?

A transposition error occurs when two digits are swapped, resulting in a different numerical value than intended. In this case, recording $83 as $38 illustrates a transposition error because the digits '8' and '3' have been switched. This specific mistake can lead to significant discrepancies in financial records and must be corrected for accurate financial reporting.

The other choices reflect different types of errors: recording $300 as $30 involves omitting a '0' rather than transposing digits; failing to record a transaction does not involve an error in the digits themselves but rather in not entering data at all; and crediting an account incorrectly indicates a misallocation or misunderstanding of account entries, which is not a transposition but rather an issue with the journal entry itself. Thus, the correct identification of a transposition error is crucial for ensuring accuracy in accounting practices.