Advertisements
Advertisements
Question
State the account/s affected in the following error:
The total of purchases book ₹ 4,500 was posted twice.
Advertisements
Solution
Credit the Purchases A/c.
APPEARS IN
RELATED QUESTIONS
A transaction not recorded at all is known as 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.
Which type of error affects only one side (debit or credit) of a single account and usually causes a difference in the trial balance?
Which kind of error happens when both a debit and an equivalent credit mistake occur, effectively cancelling each other out?
If a transaction is completely missed in all books of accounts, which type of error is it?
An error that results from wrong posting, totalling, or balancing in the books is called:
