Question

Give two examples of errors of commission?

Answer 1

Two examples of errors of commission are as follows-

1. A person bought raw material worth Rs.20,500 from Mohan Ltd. but recorded the amount as Rs.25,000.

Here, the mismatch in amounts will affect the final amount in the trial balance by Rs. 4,500.

2. Goods were sold to Ram and Sons but were recorded under the name Raj and Sons.

This error will increase the amount of revenue and will lead to an error in the final statements.