Question
What is meant by error of omission? Give any one example.
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2017
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August 4
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Returned to Saraswati House, Bhiwani 25 Chairs @ ₹ 1,800 per Chair, being not of specified quality.
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| Trade Discount 10% | |
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August 12
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Sent back one Dining Table to Navneet Enterprise, Karnal (Haryana) for not being polished @ ₹ 10,000 and 20 Chairs @ ₹ 2,000 each.
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August 20
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Returned to Yadav & Co., Patiala (Punjab), being not according to sample
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| 20 Chairs @ ₹ 1,500 each. | |
| 2 Dressing Tables @ ₹ 7,500 each. | |
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August 28
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Allowance claimed from Navneet Enterprise, Ludhiana (Punjab) on account of mistake in the invoice ₹ 5,000.
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Feb 1, 2017
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Purchased from M/s Brown & Co. on credit.
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| 5 gross pencils @ ₹ 100 per gross. | |
| 1 gross registers @ ₹ 200 per dozen. | |
| Less: 10% trade discount. | |
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Feb 2, 2017
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Purchased for cash from stationery Mart.
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| 10 gross exercise books @ ₹ 60 per dozen. | |
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Feb 6, 2017
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Purchased from The Paper Co.
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| 5 reams of white paper @ ₹ 100 per ream | |
| 10 reams of brown paper @ ₹ 65 per ream | |
| Less: trade discount @ 10% |
2023 |
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May 1 | Cash in hand | 34,000 |
| Balance with PNB Bank | 75,200 |
| Balance with SBI Bank | 1,20,000 |
May 3 | Cash drawn from SBI for office use | 25,000 |
May 8 | Sold goods to Pradhan for ₹ 80,000 and received from him ₹ 20,000 in cash and a cheque for the balance. The cheque is deposited in PNB on the $9^{\text {th }}$ and the bank credited the amount on the $15^{\text {th }}$ and debited ₹ 25 as its collection charges. |
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May 12 | Purchased goods for ₹ 40,000 at 20% trade discount. 25% of the amount is paid in cash and issued a cheque on SBI for the balance amount. |
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May 20 | Paid Wages ₹ 36,000 and Salary ₹ 4,000 . |
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May 22 | A cheque for ₹ 50,000 is drawn on SBI and it is deposited in PNB. |
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May 23 | Purchased land for ₹ 3,20,000 and a cheque is issued on PNB. |
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May 24 | A cheque for ₹ 10,000 which was received from Mukesh and was deposited in SBI on $25^{\text {th }}$ April is dishonoured and the bank debited ₹ 100 as bank charges on this cheque. The amount of dishonoured cheque and bank charges is received from Mukesh in cash on the $25^{\text {th }}$. |
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May 26 | Deposited cash ₹ 30,000 in PNB. |
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May 28 | Sold old typewriter for ₹ 2,000 and old newspapers for ₹ 200 in cash. |
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May 30 | Interest charged by PNB Bank ₹ 400 . |
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May 31 | Bank charges by SBI Bank ₹ 180 and PNB Bank ₹ 340 . |
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