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Question

Rs. 1,000 paid as rent to Krishna, the landlord, was debited to Krishan's personal account. This error is an:


A

Errors of Principle

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B

Errors of Commission

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C

Compensating Errors

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D

Errors of Omission

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Solution

The correct option is B

Errors of Commission


When one or both aspects of a transaction are recorded in the wrong class or category of account, this is called Errors of Commission.


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