Trial Balance and Rectification of Errors · Class 11 · CBSE · Commerce Accountancy
Goods worth Rs. 3,000 returned by a customer were taken into stock, but no entry was passed in the books. This is an example of:
Practice question from Trial Balance and Rectification of Errors (Class 11 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
easy · MCQ · Q-C63659
Goods worth Rs. 3,000 returned by a customer were taken into stock, but no entry was passed in the books. This is an example of:
- A.Error of commission
- B.Error of principle
- C.Complete omissionCorrect answer
- D.Compensating error
Solution
When a transaction is completely omitted from being recorded in the original books of entry (journal/subsidiary book), it is an error of complete omission.
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