Failure to record completely credit purchases of goods in purchase Journal, it is an error of _____________.

commission

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

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!

recording

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

Open in App

Solution

The correct option is B omission
When a complete transaction is missed out in recording in books of account, its an error of omission. In such situation, there will be no effect on trial balance and trial balance will be tallied.
Failure to record the purchase entry completely is an error of omission.

Suggest Corrections

Similar questions

Which of the following will be credited in a journal, if a business purchases goods on credit?

Rectify the following errors:

(a)	Credit Sales to Mohan Rs 7,000 were recorded in purchases book.
(b)	Credit Purchases from Rohan Rs 900 were recorded in sales book.
(c)	Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.
(d)	Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.
(e)	Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

Join BYJU'S Learning Program