Question

Classify and rectify the following errors
1). A pays 5000 to B for the purchase of goods. The
entry in the Cashbook is correct but posting in the
ledger is only with 500.
2). Credit purchases 10000 not recorded in the
purchases book
3).Cash book is overcast by 1000 and 4).Purchases
Book is undercast by 1000.
5)The purchase of machinery 50000 recorded in the
Purchases Book.
6).Sales Book is undercast by 250
7). The purchase of furniture 20000 is not posted in
the furniture account
8). An income of 20000 is also not posted,​

Answer 1

Answer:

your answer is right

Answer 2

Answer:

1). error of commission