Accounting · Rectification of Errors
Which of the following errors is an example of an Error of Principle?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Omitting to post the cash sales from the Cash Book.
- 2Total of the Sales Return Book is overstated by Rs. 1,000.
- 3Purchase of a computer for Rs. 40,000 recorded in the Purchases Book.✓
- 4Posting an amount to the correct account but on the wrong side.
Correct answer
Purchase of a computer for Rs. 40,000 recorded in the Purchases Book.
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