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      Question

      An amount of Rs. 500 received from a customer has been debited to his account. This error is classified as: 

      A Error of principle Correct Answer Incorrect Answer
      B Error of omission Correct Answer Incorrect Answer
      C Error of commission Correct Answer Incorrect Answer
      D Compensating error Correct Answer Incorrect Answer

      Solution

      • Error of commission occurs when: o The correct account is used, but the wrong amount or wrong side (debit/credit) is posted. • In this case: o Customer's account should have been credited, but was debited.

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