Question

Sales to Meena Rs.143 was posted to Meenu. This error:

• A. In an error of omission
• B. Will not affect the trial balance
• C. Will affect the profit
• D. None of these

Answer 1

The correct option is B Will not affect the trial balance

Sales to Meena posted to Meenu is an error of posting. The actual entry for the transaction is-

Meena A/c Dr 143

To Sales A/c 143

The incorrect entry passed here is-

Meenu A/c Dr 143

To Sales A.c 143

Here the amount has been posted correctly and sales account is also correct. There is an error only in the name of the account and this does not affects the trial balance because amount is the same.