Multiple choice

Rent paid to landlord, Ram has been debited to his account. This error

  1. in an error of omission

  2. will affect the trial balance

  3. will not affect the profit

  4. none of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 a) This error is not an error of omission as the entry has not been omitted.  b) This error will not effect the trial balance as the amount recorded is correct.  c) It will affect the net profi as wrong account has been debited.  

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