A return of goods worth Rs. 5,600 was not recorded. This is an example of error of __________.

omission

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

principle

No worries! We‘ve got your back. Try BYJU‘S free classes today!

judgement

No worries! We‘ve got your back. Try BYJU‘S free classes today!

commission

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A omission
The errors of omission may be committed at the time of recording the transaction in the books of original entry or while posting to the ledger. They are of two types:
(i) error of complete omission
(ii) error of partial omission
When a transaction is completely omitted from recording in the books of original record, it is an error of complete omission. A return of goods worth Rs. 5,600 was not recorded, which is an example of error of complete omission.

Suggest Corrections

Similar questions

Pass necessary Journal entries' to rectify the following errors:

(i) Goods returned to Mahima for Rs 5,000, entered into Sales Returns Book.

(ii) Kajol returned goods worth Rs 2,000, entered into Purchase Returns Book.

(iii) A credit purchase of Rs 3,000 from Ravina was recorded through Purchase Returns Book.

(iv) Goods worth Rs 1,160 returned to Karishma, were recorded in Purchase Book as Rs 1,106.

Q. XYZ purchased trading goods worth

R s .50, 000

. This was capitalized along with Plant and Machinery A/c. This is an error of __________.

Rectify the following errors

(a) Credit sales to Mohan Rs. 7,000 were not recorded.

(b) Credit purchase from Rohan Rs. 9,000 were not recorded.

(d) Goods returned from Mahesh Rs. 1,000 were not recorded.

The Trial Balance shows a difference of Rs 1339 in the debit column and is made to agree by putting this difference against a suspense account later the following errors were discovered, Rectify them and prepare a suspense account.

1) Goods sold to Deepak worth Rs 550 on credit this was recorded in sales but not posted in the ledger to Deepak account.
2) Goods worth Rs 325 were returned by Bhat. The amount was credited to his account but was not entered in the sales Return Book.
3) Nandu paid Rs 760 to us, but their account was credited for Rs 706.
4) Goods worth Rs 225 purchased from Subhash were wrongly entered in the sales Book.
5) An amount of Rs 320 owned by Kishor was omitted from the list of Sundry Debtors.
6) The Purchase Book was overcast by Rs 252.

Give journal entries to rectify the following errors assuming that suspense account had been opened.

(a)	Goods distributed as free sample Rs 5,000 were not recorded in the books.
(b)	Goods withdrawn for personal use by the proprietor Rs 2,000 were not recorded in the books.
(c)	Bill receivable received from a debtor Rs 6,000 was not posted to his account.
(d)	Total of Returns inwards book Rs 1,200 was posted to Returns outwards account.
(e)	Discount allowed to Reema Rs 700 on receiving cash from her was recorded in the books as Rs 70.

Join BYJU'S Learning Program