Question

Sales book overcast by Rs. 1500 and purchase return book is undercast by Rs. 1500. This is and error of_____________​

Answer 1

Answer: abbeee kamina aap balo

Explanation: answer tho laka laho koi answer nhi milta hai

Answer 2

The correct answer is "compensation". An error of compensation occurred when the buy return book was undercast by Rs. 1500 and the sales book was overcast by Rs. 1500.

• Errors in two or more accounts that compensate for one another provide the impression that the books are balanced even though they are not. In this instance, the undercast in the buy return book and the overcast in the sales book cancel each other out, giving the appearance that the books are balanced.
• To guarantee that the accounts are accurate and to stop any further errors from happening, it is crucial to fix these inaccuracies. The undercast in the buy return book should be fixed by increasing the total purchase returns by Rs. 1500, and the overcast in the sales book should be corrected by lowering the total sales by Rs.1500.This will ensure that the accounts display the right balances and stop any additional mistakes from happening as a result of these compensating mistakes.

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