Which of the following errors is an error of omission?
Correct answer: C. The total of the sales journal has not been posted to the Sales Account
- A. Sale of ` 100 was recorded in the Purchases Journal
- B. Wages paid to Mohan have been debited to his account
- C. The total of the sales journal has not been posted to the Sales Account
- D. Repairs to buildings have been debited to buildings account
Explanation
Failing to post the sales journal total to the Sales Account omits the credit entry, so it is an error of omission. The other examples involve posting to the wrong account or using the wrong accounting classification.
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About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
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