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Receipts and Payments Account

An item of Rs...

Question

An item of Rs.72 has been debited to a personal account as Rs.27, is an error of __________.

A

commission

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B

omission

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C

principle

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D

none of these

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Solution

The correct option is B commission
Error of commission is that where any transaction is recorded erroneously-partially or wholly.
Here, the transaction is recorded in the correct account on the correct side but at the wrong amount.
Therefore, such error is classified as an error of commission.

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