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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- 1Repairs of newly purchased second-hand machinery debited to Repairs Account.✓
- 2The total of the Sales Book was not posted to the Ledger.
- 3Sales to A of ₹1,560 posted to B's Account as ₹1,650.
- 4Goods taken away by the proprietor for personal use not recorded anywhere.
Correct answer
Repairs of newly purchased second-hand machinery debited to Repairs Account.
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