Multiple choice

Rs. 4,500 is paid to Rohan as salary for the month of December 2012, which was debited from his account. This is an error of _____.

  1. principle

  2. omission

  3. commission

  4. compensation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The errors which are committed while recording or posting a transaction are called errors of commission. Such errors include posting wrong amounts, posting on wrong side of accounts or posting in wrong accounts, wrong totaling or carrying forward, and wrong balancing. 

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