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Question

State whether the following statement is True or False:-
Single sided errors affect only one account.

A
True
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B
False
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Solution

The correct option is A True
The statement is true.
One-sided errors or single-sided errors affect only one account as only one aspect of the transaction has been omitted or wrongly recorded.
For example: a sum of Rs 2,500 given to Ajay is correctly recorded in the Cash Book but omitted to be posted to the debit side of Ajay's Account.

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