Accounting · Rectification of Errors
Which of the following errors is classified as an 'Error of Principle'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Goods taken away by the proprietor for personal use were not recorded anywhere.
- 2Sales to A of ₹1,560 was posted to B's account as ₹1,650.
- 3The total of the sales book was not posted to the ledger.
- 4Repairs of a newly purchased second-hand machinery debited to the repairs account.✓
Correct answer
Repairs of a newly purchased second-hand machinery debited to the repairs account.
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