Multiple choice

Goods sold for cash worth Rs. 5,000 are correctly posted on credit side of 'sales account', but cash account is wrongly debited by Rs. 1,000. It is an

  1. error of commission

  2. error of omission

  3. error of principle

  4. None of these
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A Correct answer
Explanation

It is an error of commission, since this error is made at the time of posting a wrong amount into a account or to the wrong side of an account etc. So in this cash account is debited by Rs 1,000 instead of Rs 5,000.

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