Question

Salary paid to Ravi debited to his personal A/c , it is which kind of error

Answer 1

Answer:

it is a type of compensating error

Answer 2

Answer:

Salary paid to Ravi debited to his personal a/c, it is an error of principle.

Explanation:

• Error of principle means when the posting of the amount in the accounts is not done according to the accounting principles or when the transaction is posted in the wrong accounts.
• In the above question, the salary paid to Ravi has been wrongly debited to his personal account, so it is an error of principle