20 Cases of Analysis of Types of Errors
Transaction with error | Type of error | |
1 | Repairs on machinery ₹ 1,400 debited to Machinery account as ₹ 2,400. | Principle, Commission |
2 | Depreciation provided on machinery ₹ 4,000 was not posted. | Omission of posting |
3 | Repairs on overhauling of second hand machinery purchased ₹ 2,000 was debited to Repairs account as ₹ 200. | Principle, Commission |
4 | Goods withdrawn by proprietor for personal use ₹ 800 were not posted to Drawings account. | Omission of posting |
5 | Machinery purchased on credit from Raman for ₹ 20,000 recorded through Purchases Book as ₹ 5,000. | Principle, commission |
6 | Bad debts written off ₹ 5,000 were not posted. | Omission of posting |
7 | Sale of old machinery at book value ₹ 3,000 was credited to sales account as ₹ 5,000. | Principle, Commission |
8 | Furniture purchased for ₹ 10,000 wrongly debited to purchases account. | Principle |
9 | Depreciation provided on machinery ₹ 4,000 was not posted to Depreciation account. | Omission of Posting |
10 | Goods withdrawn for personal use by the proprietor ₹ 2,000 were not recorded in the books. | Complete Omission |
11 | Furniture purchased from Sham ₹ 5,000 was recorded through purchases book as ₹ 50,000. | Principle, Commission |
12 | Old machinery sold for ₹ 2,000 to Manish recorded through sales book as ₹ 1,800. | Principle, Commission |
13 | Old machinery sold for ₹ 2,000 to Manish posted to the credit of Manish as ₹ 1,200. | Commission |
14 | Depreciation provided on machinery ₹ 4,000 was posted as ₹ 400. | Commission |
15 | Bill receivable for ₹ 2,000 received from a debtor was posted as ₹ 3,000. | Commission |
16 | Discount allowed to a debtor ₹ 100 on receiving cash from him was posted as ₹ 50. | Commission |
17 | Cash received from Ravish ₹ 8,000 posted to his account as ₹ 5,000. | Commission |
18 | Goods withdrawn by proprietor for personal use ₹ 800 were posted as ₹ 300. | Commission |
19 | Discount allowed to a debtor ₹ 100 on receiving cash from him was not posted to discount account. | Omission |
20 | Credit purchases from Sham ₹ 5,000 were recorded in sales Book. | Principle |