Maharashtra State BoardHSC Arts 11th
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State whether the following statement is True or False with reason: All the errors can be rectified only through Suspense Account. - Book Keeping and Accountancy

MCQ
True or False

Do you agree or disagree with the following statement:

The unintentional omission or commission of amounts and accounts while recording the transactions are known as an error.

Options

  • Agree

  • Disagree

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Solution

The unintentional omission or commission of amounts and accounts while recording the transactions are known as an error. - Agree

Concept: Meaning and Effects of Errors
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 8 Rectification of Errors
Exercise Q.5 | Q 1 | Page 267
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