Rent paid Rs.4500 was posted to rent accounts as Rs.5400 which is the error occured here ?
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Given Rent paid Rs.4500 was posted to rent accounts as Rs.5400 which is the error occurred here .....
The error that has occurred here is Error by Oversight.
During the preparation of a financial statement or a balance sheet, an error may occur, which may be due to oversight and is usually an unintentional mathematical error.
The first two numbers are interchanged by mistake. The error usually may be corrected at the end that is when closing of the accounts is done by another person and checked accordingly.
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