Multiple Choice Questions on When discount received is shown under cast by Rs 100 and a debtor Mr Y is also under cast by Rs........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

When discount received is shown under cast by Rs 100 and a debtor Mr Y is also under cast by Rs...........

General Accounting Principles Rectification of Errors
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    When discount received is shown under cast  by Rs. 100 and a debtor Mr. Y is also under cast by Rs. 100

     Error of principle

    Incorrect Answer

    Compensating errors

    Correct Answer

    Error of omission

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Group of errors which are committed in such a way that one mistake is compensated by the other and hence, the  trial balance agrees.

    By: Munesh Kumari
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