7
Question
A purchase of Rs. 10,000 has been wrongly posted to the debit of Supplier's Account but had been correctly entered in the Purchases Account. This is an error of ____________.
A purchase of Rs. 10,000 has been wrongly posted to the debit of Supplier's Account but had been correctly entered in the Purchases Account. This is an error of ____________.
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Solution
The correct option is B Commission
A purchase of Rs-10,000 is wrongly posted to credit of purchase account but is correctly entered in the suppliers account where as the correct entry should have been :-Purchase account...... Dr To supplier's account.This is an error of commission. This error includes recording in wrong account, recording wrong amount etc.
A purchase of Rs-10,000 is wrongly posted to credit of purchase account but is correctly entered in the suppliers account where as the correct entry should have been :-
Purchase account...... Dr
To supplier's account.
This is an error of commission. This error includes recording in wrong account, recording wrong amount etc.
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