CBSE Class 11-commerce Answered
State the type of
errors committed in the below transactions:
Sale of old furniture worth Rs.5,000 credited to the sales account
A payment of Rs.2,300 for salaries was posted twice to the salaries
account
Goods returned to Rakesh worth Rs.3,200 were not recorded in the books of accounts
Wages paid Rs.6,150 were recorded in the cash book as Rs.6,510
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
Expert Answer
The type of error arises are
- Sale of old furniture worth Rs.5,000 credited to the sales account : Error of principle
- A payment of Rs.2,300 for salaries was posted twice to the salaries account : Error of commission (Error of posting)
- Goods returned to Rakesh worth Rs.3,200 were not recorded in the books of accounts : Error of omission (complete omission)
- Wages paid Rs.6,150 were recorded in the cash book as Rs.6,510: Error of commission (Error of recording)
Answered by | 26 Jul, 2016, 03:33: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 26 Jul, 2016, 01:33: PM
ANSWERED BY EXPERT
