MTP

1. Error of principle- because recording purchase of fixed assets ie) furniture in purchase book is principally wrong.

Dharshini Sankar

CA Inter

★ 7K+

09-Dec-21 21:40

3. Error of commission- credit sales was wrongly recorded in purchase book. This has not occurred because of wrong conceptual understanding. This is also not an error of omission. It occurred only because of human error.

Dharshini Sankar

CA Inter

★ 7K+

09-Dec-21 21:48

Here there is a wrong conceptual understanding

Dharshini Sankar

CA Inter

★ 7K+

09-Dec-21 21:49

The basis to classify errors 1.Conceptually or principally wrong - error of principle 2.Human error commited by omitting a transaction - error of omission 3.Human error commited not by omitting a transaction but by recording a transaction in wrong place - error of commission

Dharshini Sankar

CA Inter

★ 7K+

09-Dec-21 22:01

thank you so much!

Thread Starter

Soumya A

CA Inter

★ 20K+

09-Dec-21 22:20

All the best!!

Dharshini Sankar

CA Inter

★ 7K+

09-Dec-21 22:26

thank you and same to you

Thread Starter

Soumya A

CA Inter

★ 20K+

09-Dec-21 23:51