Wages paid for installation of machinery debited to wages account. This is _______________.

Errors of commission

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Errors of partial omission

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Errors of principle

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Not a error at all

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Solution

The correct option is C Errors of principle
Wages paid for installation of machinery debited to wages account is an error of principle. An error of principle is an accounting mistake in which an entry is recorded in wrong account, violating the fundamental principles of accounts. Wages paid for installation of machinery should be recorded in machinery account and not wages account.

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Similar questions

Q. Wages paid for installation of machinery wrongly debited to wages account is an error of __________.

Q. Wages paid for installation of machinery, debited to ___________ account.

Q. Wages paid for installation of machinery Rs

2, 750

had been debited to wages account as Rs

5, 250

. If this error located after preparation of final account then which of the following rectification entry is correct?

Rectify the following errors:

(i) Repairs made on Building for Rs 1,00,000 were debited to Building a/c.
(ii) Rent paid Rs 12,000 to Landlord was debited to Landlord a/c.
(iii) Wages paid for installation of Machinery of Rs 7,000 was debited to Wages a/c.
(iv) Salary paid to Accountant (Mr. Ram) on Rs 15,000 was debited to Ram a/c.
(v) Rs 32,000 paid for purchase of Computer was charged to Office Expenses a/c.
(vi) Amount of Rs 7,500 withdrawn by proprietor for personal use was debited to Miscellaneous Expenses a/c.

Q. Rectify the following errors:-
1. ₹ 4,500 spent on the extension of Buildings were debited to Repairs A/c.
2. Wages paid to the firm's own workmen ₹ 3,600 for the installation of a new machinery were posted to Wages Account.
3. Contractor's bill for the construction of a godown at a cost of ₹ 10,000 has been charged to 'Repairs' A/c.
4. ₹ 1,500 paid as Wages to a worker 'Bahadur Singh', has been debited to his personal account.
5. Old furniture sold for ₹ 500 has been credited to Sales Account.
6. A cheque of ₹ 620 received from Ram, has been wrongly credited to Shyam.

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