Accounting · Rectification of Errors
Which of the following is NOT a two-sided error?
- 1Furniture purchased for Rs. 5,000 was entered in the purchases book.
- 2A sales return of Rs. 1,000 is completely omitted from sales return book and hence not posted to customer's account.
- 3An amount of Rs. 2,000 received from Mr. A was wrongly credited to Mr. B's account.
- 4Purchases book was overcast by Rs. 3,400✓
Correct answer
Purchases book was overcast by Rs. 3,400
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