Accounting · Rectification of Errors
Classify the following accounting errors: (i) A credit sale of ₹1,500 to Piyush was correctly recorded in the sales book but not posted to Piyush's Account. (ii) The purchases book was undercast by ₹100.
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- 1(i) Error of Commission, (ii) Error of Omission
- 2(i) Error of Principle, (ii) Error of Commission
- 3(i) Error of Omission, (ii) Error of Commission✓
- 4(i) Error of Omission, (ii) Error of Principle
Correct answer
(i) Error of Omission, (ii) Error of Commission
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