Accounting · Types of Accounting Errors
A bookkeeper accidentally recorded a payment of 2,500 rupees for office electricity as a payment for the owner's personal electricity bill. Simultaneously, a cash withdrawal of 5,00,00 rupees for the owner's personal use was recorded as office traveling expenses. What type of errors are these, and how do they affect the agreement of the trial balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Errors of Principle; Trial Balance will agree.✓
- 2Compensating Errors; Trial Balance will agree.
- 3Errors of Commission; Trial Balance will agree.
- 4Errors of Principle; Trial Balance will not agree.
Correct answer
Errors of Principle; Trial Balance will agree.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Types of Accounting Errors MCQs →Want more practice questions on Types of Accounting Errors?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Types of Accounting Errors