wiz-icon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following errors is an error of omission ?

A
Sale of Rs.500 was written in the Purchase Journal
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Wages paid to Mohan have been debited to his account
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
The total of the sales journal has not been posted to the sales Account
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
None of these.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C The total of the sales journal has not been posted to the sales Account
Error of omission is when a transaction is omitted to be recorded in the subsidiary books, there is neither debit or credit effect of such errors. Omission in posting total of sales journal into sales account refers to omission of transactions related sales and debtors.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Retirement of a Partner - II
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon