An amount of Rs 20,000 was received from Mr. X for the goods he purchased on credit but at the time of recording the transaction, Rs 20,000 was credited to the account of Mr. Y. Which type of error is this?

Errors of omission

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Errors of Commission

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Errors of Principle

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None of the above

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Solution

The correct option is B
Errors of Commission

When a transaction has been miss-recorded, it is known as error of commission.

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Similar questions

Rectify the following errors-

1) Goods returned to Mr Pathak as they were defective Rs 280 were not recorded in the books.
2) Commission received Rs 625 was recorded in the Journal proper but not posted at all.
3) Purchased Machinery from Hindustan Machinery Ltd. Rs 9,900 on credit was omitted from the books of accounts.
4) Additional capital Rs 20,000 introduced by proprietor in to the business was recorded in the cash book but was not posted to the capital account in the ledger.
5) Cash received from the Patel Rs 3,300 though recorded in cash book was not posted to his personal account in the ledger.
6) Goods sold to Kishor Rs 6,565 on credit was not posted to his personal account.

Rectify the following errors:

(a)	Furniture purchased for Rs 10,000 wrongly debited to purchases account.
(b)	Machinery purchased on credit from Raman for Rs 20,000 was recorded through purchases book.
(c)	Repairs on machinery Rs 1,400 debited to machinery account.
(d)	Repairs on overhauling of secondhand machinery purchased Rs 2,000 was debited to Repairs account.
(e)	Sale of old machinery at book value of Rs 3,000 was credited to sales account.

Rectify the following errors by opening a suspense account credit side of the trial balance was cast short and the difference of trial account.

1) Paid Rs 700 to Nishigandha was debited to pritigantha account.
2) Total of sales book cast short by Rs 175.
3) Purchased goods casting Rs 690 on credit from shrawani was recorded in the purchase book but failed to credit shrawani account.
4) Total of purchase book was Overcast by Rs 95.
5) Received Rs 548 from Firoz on account was correctly recorded in cash account but Firoz account was credited by Rs 584.
6) Paid Advertisement Expenses amounted to Rs 350 was wrongly recorded twice in the Advertisement account.

Q. Which of the following account(s) will be affected, while rectifying the error of an amount Rs.

200

received from Mr. "P" wrongly credited to Mr. "Q" s account?

Q. Which of the following account(s) will be affected, while rectifying the error of an amount Rs.200 received from Mr. "P" wrongly credited to Mr. "Q's" account?

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An amount of Rs 20,000 was received from Mr. X for the goods he purchased on credit but at the time of recording the transaction, Rs 20,000 was credited to the account of Mr. Y. Which type of error is this?

The correct option is B Errors of Commission When a transaction has been miss-recorded, it is known as error of commission.

The correct option is B
Errors of Commission

When a transaction has been miss-recorded, it is known as error of commission.