A sale of Rs. 50000 to Mr. A was entered as a sale to Mr. B. This is an example of:
A. Error of omission.
B. Error of commission.
C. Compensating error.
D. Error of principle.
Answer:B
A sale of Rs. 50000 to Mr. A was entered as a sale to Mr. B. This is an example of:
A. Error of omission. B. Error of commission. C. Compensating error. D. Error of principle.