Examples of Accounting Errors
Errors of Principle:
(a) Salary paid ₹ 5,000, debited to employee’s personal account.
(b) Rent Paid ₹ 4,000 was posted to landlord’s personal account.
(c) Goods withdrawn by proprietor for personal use ₹ 1,000 were debited to sundry expenses account.
(a) Furniture purchased for ₹ 10,000 wrongly debited to purchases account.
(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through purchases book.
(c) Repairs on machinery ₹ 1,400 debited to machinery account.
(d) Sale of old machinery at book value of ₹ 3,000 was credited to sales account.
(a) Goods withdrawn by proprietor for personal use ₹ 800 were not posted to Drawings account.
Errors of complete omission (from accounting books):
(i) Credit sales to Dinesh ₹ 8,000 were not recorded.
(ii) Credit purchases from Angad ₹ 5,000 were not recorded.
(iii) Goods returned to Akaash ₹ 3,000 were not recorded.
(iv) Goods returned from Suman ₹ 4,000 were not recorded.
Examples of Accounting Errors
Errors of Omission (of posting):
(a) Credit sales to Dinesh ₹ 5,000 were not posted.
(b) Credit purchases from Angad ₹ 9,000 were not posted.
(c) Goods returned to Akaash ₹ 4,000 were not posted.
(d) Goods returned from Suman ₹ 1,000 were not posted.
Errors of Commission (wrong amount-short amount):
(i) Credit sales to Dinesh ₹ 5,000 were recorded as ₹500.
(ii) Credit purchases from Angad ₹ 9,000 were recorded as ₹900.
(iii) Goods returned to Akaash ₹ 4,000 were recorded as Rs 400.
(iv) Goods returned from Suman ₹ 1,000 were recorded as ₹100.
Errors of Commission (wrong amount-more amount):
(i) Credit sales to Dinesh ₹ 5,000 were recorded as ₹5,200.
(ii) Credit purchases from Angad ₹ 9,000 were recorded as ₹ 9,900.
(iii) Goods returned to Akaash ₹ 4,000 were recorded as Rs 4,040.
(iv) Goods returned from Suman ₹ 1,000 were recorded as ₹1,500.
Examples of Accounting Errors
Errors of Commission (wrong subsidiary book):
(a) Credit Sales to Dinesh ₹ 5,000 were recorded in purchases book.
(b) Credit Purchases from Angad ₹ 9,000 were recorded in sales book.
(c) Goods returned to Akaash ₹ 4,000 were recorded in the sales return book.
(d) Goods returned from Suman ₹ 1,000 were recorded in purchases return book.
Errors of Commission (overcasting of subsidiary book):
(a) Sales book overcast by ₹ 500.
(b) Purchases book overcast by ₹ 500.
(c) Sales return book overcast by ₹ 300.
(d) Purchase returns book overcast by ₹ 200.
Errors of Commission (undercasting of subsidiary book):
(a) Sales book undercast by ₹300.
(b) Purchases book undercast by ₹400.
(c) Return Inwards book undercast by ₹200.
(d) Return outwards book undercast by ₹100.
Examples of Accounting Errors
Errors of Commission (posting with wrong amount):
(a) Credit sales to Dinesh ₹ 5,000 were posted as ₹ 9,000.
(b) Credit purchases from Angad ₹ 9,000 were posted as ₹ 5,000.
(c) Goods returned to Akaash ₹ 4,000 were posted as ₹ 5,000.
(d) Goods returned from Suman ₹ 1,000 were posted as ₹ 3,000.
Errors of Commission (posting to wrong account):
(a) Credit sales to Dinesh ₹ 5,000 were posted to Karan.
(b) Credit purchases from Angad ₹ 9,000 were posted to Gobind.
(c) Goods returned to Akaash ₹ 4,000 were posted to Naresh.
(d) Goods returned from Suman ₹ 1,000 were posted to Manish.
Errors of Commission (posting to wrong side of the account):
(a) Credit sales to Dinesh ₹ 5,000 were posted to the credit of his account.
(b) Credit purchases from Anu ₹ 9,000 were posted to the debit of his account as ₹ 5,000.
(c) Goods returned to Akaash ₹ 4,000 were posted to the credit of his account.
(d) Goods returned from Ram ₹ 1,000 were posted to the debit of his account as ₹ 2,000.
Examples of Accounting Errors
Errors of Commission (wrong amount in wrong account):
(a) Credit sales to Dinesh ₹ 5,000 were posted to Karan as ₹ 500.
(b) Credit purchases from Amar ₹ 9,000 were posted to the debit of Aman as ₹ 900.
(c) Goods returned to Akaash ₹ 4,000 were posted to the credit of Naresh as ₹ 3,000.
(d) Goods returned from Suman ₹ 1,000 were posted to the debit of Manish as ₹ 2,000.