Question

Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –

Q: Answer-Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –

An error of commission is a type of accounting error that occurs when an incorrect entry is recorded in the accounting records due to an action taken by someone, such as an accountant or bookkeeper. It refers to a situation where an incorrect transaction is recorded, leading to an overstatement or understatement of the accounts affected by the transaction.