State the type of errors committed in the below transactions:

  1. Sale of old furniture worth Rs.5,000 credited to the sales account
  2. A payment of Rs.2,300 for salaries was posted twice to the salaries account
  3. Goods returned to Rakesh worth Rs.3,200 were not recorded in the books of accounts
  4. Wages paid Rs.6,150 were recorded in the cash book as Rs.6,510

Asked by Topperlearning User | 26th Jul, 2016, 01:33: PM

Expert Answer:

The type of error arises are

  1. Sale of old furniture worth Rs.5,000 credited to the sales account : Error of principle
  2. A payment of Rs.2,300 for salaries was posted twice to the salaries account : Error of commission (Error of posting)
  3. Goods returned to Rakesh worth Rs.3,200 were not recorded in the books of accounts : Error of omission (complete omission)
  4. Wages paid Rs.6,150 were recorded in the cash book as Rs.6,510: Error of commission (Error of recording) 

Answered by  | 26th Jul, 2016, 03:33: PM