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Question
State the account/s affected in the following error:
The total of purchases book ₹ 4,500 was posted twice.
One Line Answer
Solution
Credit the Purchases A/c.
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Classification of Errors
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Chapter 9: Rectification of Errors - Exercises [Page 198]
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RELATED QUESTIONS
Errors not affecting the agreement of trial balance are ______.
A transaction not recorded at all is known as an error of ______.
Wages paid for installation of machinery wrongly debited to wages account is an error of ______.
What is meant by the error of principle?
What is meant by the error of partial omission?
What is meant by the error of complete omission?
What are compensating errors?
Write a note on the error of principle by giving an example.
