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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:



Your Answer
A

Errors of Principle

Correct Answer
B

Errors of Commission

Your Answer
C

Compensating Errors

Your Answer
D

Errors of Omission


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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