Multiple choice

Goods worth Rs. 2,000 are returned from Mr. B and added into stock but no entry is made. It is an

  1. error of principle

  2. error of compensation

  3. error of omission

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Since this entry is not recorded at all of sales return, it is an error of omission. Error of omission is there, when a transaction is not recorded at all or partially omitted.

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