The salary paid to Mr. Viraat, a clerk, for the month of August 2023, debited to the furniture account instead of the salary account will be regarded as an _______.

Classify the following errors:

(i) Credit sale of ₹1,500 to Piyush was correctly recorded in sales book but not posted to Piyush’s Account.

(ii) Purchases book was undercast by ₹100.

Which of the following statement is TRUE in the context of type of errors made while recording a business transaction?

i) A sale of Rs. 500 made to Kamal has been posted on the debit side of Kishore's Account is an example of one-sided error.

ii) A payment of Rs. 1,000 towards interest was posted twice to Interest Account is an example of one-sided error.

Which of the following is/are example(s) of a two-sided error while recording a business transaction?

(i) ₹100 received from Deshmukh was posted to his account as ₹10.

(ii) The Purchases Book is overcast by ₹1,000.

(iii) A credit sale of ₹1,080 to Anand was wrongly recorded in the Sales Book for ₹1,800.

Failure to differentiate between capital and revenue expenditure results in Errors of ______.

Errors committed because of failure to make a proper distinction between revenue and capital items are called _____.

If a credit purchase of machinery is recorded in purchase book instead of journal proper it is an error of _______.

If a credit purchase of machinery is recorded in purchase book instead of journal proper it is an error of _______.

Which of the following error, will be rectified through suspense account?

Which one of the following statement is not true?

Which one of the following errors affect the trial balance?