CameraIcon

SearchIcon

MyQuestionIcon

4

You visited us 4 times! Enjoying our articles? Unlock Full Access!

Receipts and Payments Account

Which of the ...

Question

Which of the following errors is an error of omission?

A

Sale was written in the purchases 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 Account.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

None of the above

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 Account.
Error of omission is when a transaction is not recorded at all in journal or in subsidiary books. This means there is no debit and credit effect of such transactions. The sales journal has not been taken into account this means that all the transactions related to sales are not recorded. In such cases the trial balance will tally but the balance will not be accurate.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Correct the following errors in Mohan Lal’s Book:
(i) A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account.
(ii) Returns Outward Journal has been overcast by ₹ 85.
(iii) Basudev returned goods worth ₹ 500; his account was debited by this amount.
(iv) Purchase from Krishna Mohan of ₹ 2,250 has been debited to his account.

Q. Rectify the following errors:
(a) Bought Radio for ₹ 1,000 for the proprietor was debited to General Expenses A/c.
(b) Bought goods from Mohan ₹ 2,000 was passed through the Sales Book, however, the account of Mohan was credited correctly.
(c) Wages due ₹ 1,500 has not been taken into account.
(d) Goods Returned by Kamal ₹ 240 has been debited to his account ₹ 420.

Q. A few errors committed in Antrut's books of account are given below. State which errors would affect the trial balance.
(1) Sales of Rs. 950 to Ram completely omitted from books of account.
(2) Purchases of Rs. 720 from Shyam entered in the purchases journal as Rs. 700.
(3) Purchases Journal is overcast by Rs. 1,000.
(4) Sales returns journal is under cast by Rs. 200.
(5) Amount paid to Agarwal wrongly posted to the debit to Minas account.
(6) Bank overdraft shown under debit column in the Trial Balance
(7) Sales of Rs. 500 to Sadiqentered in sales journal as sales to Mushtaq.
(8) Wages paid for installation of machinery debited to wages account.
select the correct answer from the options given below -

Q. A few errors committed in Amrut's books of account are given below. State which errors would affect the trial balance.
(1) Sales of Rs

950

to Ram completely omitted from books of account.
(2) Purchases of Rs

720

from Shyam entered in the purchases journal as Rs

700

.
(3) Purchases Journal is overcast by Rs

1, 000

(4) Sales returns journal is under cast by Rs

200

.
(5) Amount paid to Agarwal wrongly posted to the debit to Mittal's account.
(6) Bank overdraft shown under debit column in the Trial Balance.
(7) Sales of Rs

500

to Sadiq entered in sales journal as sales to Mushtaq.
(8) Wages paid for installation of machinery debited to wages account.
Select the correct answer from the options given below.

Q. Which of the following errors will affect the Trial Balance?
(i) The total of the Sales Book has not been posted to the Sales Account.
(ii) ₹ 1,000 paid as installation charges of a new machine has been debited to Repairs Account.
(iii) Goods costing ₹ 4,000 taken by the proprietor for personal use have been debited to Debtors’ Account.
(iv) ₹ 1,000 paid for repairs to building have been debited to Building Account.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements of NPO

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Receipts and Payments Account

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon