Vidyalelo
Commerce · Q326

Accounting

Graduate and Post Graduate · Commerce · question 326

Q326

Error which affect only one account can be

A.
Error of complete omission
B.
Error of posting
Answer
C.
Compensatory errors
D.
None of the above

Answer: Option B

Solution

Answer: Option B
Solution:
Error which affect only one account can be Error of posting. An error in which amount is posted to the wrong side of the same account is known as error of posting. For example, goods sold to X wrongly credited to his account.