Your bad luck is also called the error of commission.
Sir, I don't understand one thing.
Will you get all these examples done by the commission?
Don't you have any other example?
There are many examples on the commission.
From there, a lot is asked in the paper.
There is omission, there is principle, there is
compensating error.
There are one or two examples there.
It is the fault of the main commission.
That's why you have to learn the most.
And...
Till now I had told you that in the error of commission,
Wrong amount is written.
Or write it in the wrong account.
I saw this in yesterday's example.
Today I will tell you one more point of the error of
commission.
Write on the wrong side.
The amount should be wrong.
The account should be wrong.
Or the account is fine, but the side should be different.
This also comes under the error of commission.
The wrong side will also come under the error of commission.
What will happen to the trial balance?
Sir will not tell you.
Will not tell you.
Means we can say it is affected.
Trial balance is affected.
Now that time has come.
Which you are impatiently waiting for.
Rectification.
Sir, do we have to write these three things in the paper?
One, two, three.
Already I have told you.
You will only get marks of rectification.
The above is just our knowledge.
First of all.
Before preparation of trial balance.
Is double entry possible?
Tell me secretly.
Is double entry possible?
Yes or no?
Double entry.
No sir.
Because you told me.
What is the way to check this thing?
Is double entry possible or not?
What is the way to check this thing?
If there is a double-sided error, then double entry is
possible.
Otherwise not.
And what is the double-sided error?
Debit and credit.
In the same direction.
Either up or down.
I am getting affected with the same amount.
Double-sided error will be made.
This is one thing.
Second thing.
Only debit.
Is increasing and decreasing.
With the same amount.
Then also double-sided error will be made.
Or only credit.
Is increasing and decreasing.
Because of the error.
With the same amount.
Then also double-sided error will be made.
I told this yesterday.
The day before yesterday, we were there.
Debit and credit.
In the same direction.
With the same amount.
But yesterday we learned this.
Only debit.
And only credit.
If from the same amount.
In the opposite direction.
Even then.
Double-sided error happens.
And double entry becomes possible.
But in our example.
Only and only.
There is an effect on one account.
On A account.
What is the effect on A account?
I will tell you.
Let me tell you.
We made A account.
Debit.
How much did we debit?
We made it.
Debit from 5000.
Means.
We increased the debit.
How much? 5000.
We should have done it in credit.
We did not do it in credit.
We reduced it in credit.
5000.
Increased in debit.
5000.
Reduced from credit.
5000.
This is not the rule of double entry.
This is not the rule of double-sided error.
My dear friend.
The rule of double-sided error.
Listen carefully.
Either.
Debit is increasing.
And decreasing.
Here it is not like this.
Debit is increasing.
Credit is decreasing.
Here it is not like this.
Debit is increasing.
Both debit and credit are affecting.
From the same amount.
In the same direction.
Here.
Debit is also affected.
Credit is also affected.
But.
Direction is not the same.
Debit is affecting upwards.
And credit is affecting downwards.
That is why double-sided error will not be made.
And double entry will not be possible.
The thing is very fine.
You should understand.
Either only debit is increasing.
Or only credit is decreasing.
Or both debit and credit are increasing.
Or both are decreasing.
It should not be like this.
Debit is increasing and credit is decreasing.
Otherwise, double-sided error will not be made.
And double entry will not be possible.
If you are feeling it typical.
I am ready to take it again.
And repeat it once more.
But if you understand.
Then tell me in the chat box.
Just inform me in the chat box.
Did you understand?
Or should I tell you again?
I understood.
Yes sir.
I understood.
So double entry will not be possible.
So what we have to do.
We have to correct each account.
Just see.
How to correct one account.
We will tell this CD to come down.
To balance bidding.
5000 5000 Friends.
I make a number line in front of you.
And try to tell you something.
Not a number line.
This is a highway.
And this is.
Your house.
I told you.
You have to come for face-to-face class.
You said okay sir.
I said okay sir.
And this is my office.
Our coaching classes.
You had to come here.
5000 meters.
I say 5 kilometers.
Okay.
Do you know what happened?
By mistake you put the car in reverse gear.
And you 5000 meters
Went to the opposite side.
And you reached here.
And when you reached here, you found out.
How wrong we are.
We took the road the other way.
Going there will go here.
You have tears in your eyes.
But will tears work?
No.
Now tell me how to get from here to here.
I have to reach.
I said the class has to come.
How much will you have to walk now?
Can you tell me?
How much will you have to walk?
To get from the wrong place to the right place.
How much will you have to walk? 10,000 meters.
Sir, now we have to walk 10,000 meters.
Absolutely right.
First you will cover your mistake of 5000 meters.
Then 5000 meters in the right direction.
This is exactly what you have to do.
This time in Mr. A's account.
You had to credit 5000 in the credit direction.
You made a mistake of 5000 meters.
How much will you have to credit to go in the right
direction?
You will have to do 10,000 credits.
You have to buy here.
Posting on the wrong side.
You will have to do 10,000 credits.
Then 10 minus 5
This CD will come out.
Your 5000.
This CD will come out.
Your 5000 will come out.
The CD coming on the right side 5000.
I need this CD on the left side 5000.
For this, I have to double the amount of credit.
10,000.
Sir, now the marks are not for this thing.
We have to get marks for the line.
What is the line? Listen carefully.
Error is corrected by crediting Mr.
A's account with 10,000 rupees as by posting on wrong side.
By posting on wrong side.
Write the line.
Error will be corrected
by crediting by crediting
Mr. A's account with rupees 10,000 as by posting on wrong
side.
By posting on wrong side.
Please write down.
Sir, the answer was answered today.
I would like to clap for you, Varsha.
Very very good. Superb stuff.
Wonderful.
It will be like this.
Once you understand, and revise, it will be like this in
every chapter.
This is the compulsion of these questions.
This question, syllabus, and CA course, will be on you
until you work hard on it.
Otherwise, it will be like this. I would really like to
tell you, sir, I am very fond of playing cricket, I would
like to tell you, look, I have not got a CA final in my
first attempt, although foundation and intermediate was in
my first attempt, but I have not got a CA final in my first
attempt either.
It's not like I have got any rank at any level, but there
is a subject, with whom I have a little love and I feel
like doing it day and night, I hear it from inside, learn
it more, learn it more, learn it more, I have just
practiced on it, so I understand things, it is not a very
big thing that you will feel that yes, yes, how, yes, there
is only one thing to understand that I have given it time
continuously and I will keep giving it time continuously.
Anything that takes time from you, even if it is a
relationship, education, anything, you just need time, if
you want to become an expert on anything, give it time,
that's it, nothing else.
Okay sir, sure, sure, we will work harder, we will give
more time, okay, sir, you have heard two things from you,
you tell us that we will work harder, we will give more
time, now here in the ongoing class, I can only say two
things, if you want more motivation, then personally we
will put its session separately, right, we will do it when
all these things are completed, now our attention should
only be on the syllabus.
Okay sir, after trial balance, before financial statement,
just tell me the meaning of this
Is my trial balance ready?
Yes sir, the trial balance is ready, the trial balance is
ready means we have forced it to be tallied, why was it not
being tallied, pressure was coming from behind, this is
what I call the Thakur stage, this is the Thakur stage of
Sholay, why are your hands cut, you can't do anything,
pressure is coming from behind, go ahead, you can't go
ahead, there is no oil in the car, the trial balance is not
being tallied, what to do, what to do, what to do, Karishma
said, sir, put oil called suspense in
it will not run, the car will run,
I said, take this, I will put oil of suspense, how many
liters will you put, how many liters should I put, I am at
the petrol pump, I am asking you, tell me quickly, how many
liters should I put of suspense, this car is running, sir,
10,000 liters, very good, 10,000, now this is also done,
10,000 and my trial balance has been forcibly tallied, now
I can go ahead, this is the thing, I can move forward,
that's all, okay sir, now after tallying this, I was moving
forward, I was moving forward,
the financial statement trading P&L balance sheet, I got
the news on the way, the phone came, that hey, hey, the
mistake was found, the error is detected, put a shortcut,
put a shortcut, I told you what to do for the shortcut, the
suspense has been credited, so debit it, first reverse the
suspense and sing a song, suspense, suspense, it was not
there, sir, by the way, suspense comes in our accounts for
a very short time, right, it comes, see for a while, but it
goes with a big heart, and it is
very important, if it comes for a while, then you pay
attention to it, otherwise it will spread your whole
concept in a short time and go, I debited the suspense and
finished it, and look at the credit above, look above,
crediting Mr.
A account with 10,000, credit it, to Mr.
A account 10,000, to Mr.
A account 10,000, Karishma, how can you answer
P&L to suspense at this stage, first of all, Karishma, we
have credited the suspense account already, now we do not
need it, because we have made a mistake, so we have to
finish it, then you will have to debit to finish it, if you
credit again, then it will be very wrong, then the credit
balance of 20,000 will come in suspense, then where did the
mistake end, the meaning of the end of the mistake is that
the suspense should be zero, so if the credit is 10,000,
then the debit is 10,000, then the
will be zero, and look at the credit from above, which
account will come, Mr.
A account, here P&L adjustment
will come, Mr.
A account, here P&L adjustment will come, Mr.
A account, here P&L adjustment
will come, Mr.
A account, here P&L adjustment will come, Mr.
A account, here P&L adjustment is absolutely fine.
There is no mistake in it.
Okay, tell me the general entry of the purchase return.
Tell me the general entry of the purchase return.
First, I post this too.
Buy Purchase.
Write Buy Purchase 30000 in Mr.
A Account.
I purchased 30000 and write it.
So, I posted the entry of the purchase on both sides.
Debited the purchase account to Mr.
A Account.
Absolutely fine.
Sir, the entry of the purchase return is reversed.
Karishma, superb answer.
Very good.
Varsha, superb answer.
Very good.
Sir, A Account
Debit to Purchase Return Account.
A Account Debit to Purchase Return Account.
Do you know what happened? In A Account, we wrote To
Purchase Return 10000.
And in Purchase
Return Account, we also wrote By Mr. A 10000. There was no
mistake. There was no mistake.
But, but, but.
We went to balance the Purchase Account.
We wrote 30000 there.
We went to balance Mr.
A Account.
So, here 30 minus 10 should have been 20.
By mistake, we wrote 10000.
There is no mistake in Purchase Return Account.
CD is 10000 only. This is also fine. Where is the mistake?
I highlight. Here is the mistake.
The CD that should have come 20000, that CD is coming only
and only 10000. Only 10000.
Only 10000. This is the error.
Number 1, State of Error.
When did the error occur? The error occurred during the
posting to ledger.
There is no error in posting to ledger.
The ledger posting is absolutely correct.
The error occurred while balancing the ledger.
While balancing the ledger.
You see, I am going one step at a time.
In the beginning, we made a mistake in the subsidiary book.
Then we made a mistake in posting.
Now we have also corrected the posting.
After that, we made a mistake in balancing.
We are increasing one by one.
While balancing the ledger.
Mistake occurred while balancing the ledger.
What will we call this? This is also an error of commission.
Wrong amount has happened.
Wrong account, wrong amount, wrong side.
I have already told you that there is an error of
commission.
So what is this? My wrong amount.
This will come in the error of commission.
Wrong amount will come in the error of commission.
What is mine? Trial balance.
My dear, your dear, our dear.
Will the trial balance be tallied or not? Let's see, let's
see, let's see, let's see, let's see, let's see, let's see,
let's
see, let's see, let's see, let's see, let's see, let's see,
let's see, let's see, let's
see.
and Mr. A's credit side will be only 10,000 by mistake.
So, if you can see, my trial wellness debit total is 30,000
and credit total is 20,000.
It is not matched.
Why? It was a one-sided error.
There was a mistake in only one account.
There was a mistake in Mr. A's account only.
That's why it is a one-sided error.
It is not matched.
It is affected.
Trial balance affected.
Affected.
Start with rectification now.
Rectification.
First of all, before trial balance.
Is double entry possible?
No, sir. It is a one-sided error.
Double entry is not possible.
So, what we have to do?
We have to rectify the account.
We have to rectify Mr. A's account.
How will we rectify?
We will call CD here.
Make it by BD. 10,000.
Now, tell me.
It should be 20 out of 10.
So, if we have to make 20 out of 10,000, then we have to
add 10,000 more.
Should I write on the same side?
Or should I write on the other side?
The CD which I have to make 20 out of 10.
From that CD, I said, come here.
If BD is made first, then 10,000.
Now, you have to add 10,000 more to it.
That's why it will be 20.
So, should I write 10,000 more on the crate side?
Or should I write 10,000 on the opposite side?
Varsha said, sir, crate side.
Karishma is saying, sir, same side.
Absolutely right.
We will write 10,000 here.
That's why this 10 and 10.
A new CD will come out.
20,000.
Absolutely right.
Well done.
Very good.
By wrong balancing of account.
Wrong balancing of account.
How to write the line?
Error is corrected by crediting Mr. A account with 10,000
as by wrong balancing of account.
This line will come out.
Error is corrected by crediting Mr. A account with Rs.
10,000 as by wrong balancing of account.
By wrong balancing of account.
Very good.
Well done.
Now see.
See how time is changing.
Nothing is permanent.
No problem.
No chapter.
No concept.
They just get scared from a distance.
It's just very easy.
Once you understand.
After trial balance.
Before financial statement.
I have forced my trial balance to be tallied.
And to force it to be tallied.
I must have credited Rs. 10,000 in the suspense account.
Then the total of both sides would have come.
Rs. 30,000.
I was moving forward from here.
I found out on the way.
That I have made a mistake.
So I don't need suspense now.
I will finish it.
So the credit you see in my suspense account.
Rs. 10,000.
I don't need it.
I will finish it by debiting it.
Suspense account debit.
Rs. 10,000.
And who will I give credit to?
Mr. A account.
Whom I had wrongly balanced.
Mr. A account.
So the entry will be made.
Suspense account debit.
To Mr. A account.
Check from above.
What is written above?
Crediting Mr. A account.
And we have also credited Mr. A account with Rs. 10,000.
And the double entry was completed by suspense.
Which means our answer is correct.
And what will happen?
What will happen after the financial statement?
Sir, same to same.
Same to same.
Suspense account debit.
To Mr. A account.
Rs. 10,000.
Write it down.
Very good.
Today's remaining class will start now.
And in the next class, we will definitely come to the
scanner questions.
In the past year questions.
Today's class will start.
And some portion of the next class will also start.
But when we meet you on Monday in the next class.
Then we must have started.
In the next class, we will definitely start.
Scanner etc.
Okay sir.
Please note it down.
Varsha is saying.
Sir, done, done, done, done.
Done, done, done, done.
Karishma has also given the answer.
Let's count to three.
Let's see if Karishma can write or not.
Done.
Karishma's message came before the counting started.
Done, sir, done.
Good.
Very good.
Purchases.
Made from.
Sir, just change my name.
You are giving an example.
There is no problem.
Yes, Varsha.
Made seven.
You are giving an example.
There is no problem.
But.
We have won this Mr. A.
We don't like his face anymore.
Now you change your name.
Take any other name.
I said, okay.
Now whose name should I take?
Dude, what is his name?
The one who just became famous.
The one who sang the raw almond song.
What is his name?
Should I look at Google?
Wait a minute.
What is his name?
Sir, lovingly he is called Rano Mandal's younger brother.
Varsha says, Sir, that uncle. Yes, that uncle.
Didn't you buy so much from him?
He has become famous.
Bhuvan. I don't know what's next.
Yes, sitting.
This is it. This is online.
This is called the online world.
Anything can happen.
But see.
To survive.
You need both talent and hard work.
A singer Rano Mandal also came.
A singer also came.
A small boy also came with Badshah.
But why do all these people disappear after coming once?
Then why don't they show up?
This is their fate in a way.
On the contrary, I am saying, they make fun of it.
Yes.
Not childhood.
Childhood love.
What is there in it?
Actually, if you have talent.
Then if you get a name and fame.
Then you can survive it.
And you can continue for a long time.
You can take it far.
But if such things happen in a jiffy.
Then the person gets upset.
Now such a famous song will not be made by him.
He will be upset.
What else?
You are not liking it.
People are like this.
They will put it up in two minutes.
They will drop it in two minutes.
What to do?
Let's see what happens.
I am saying this.
Make a few more good songs.
Let us also get to hear.
Let them also become more famous.
Come late and go far.
Yes.
Absolutely.
Go far.
People buy from Bhuvan.
Purchase made from Bhuvan.
And not Bhuvan.
It is written Bhuvan.
Bhuvan.
I am not even forgetting it.
It is called Bhuvan.
Leave it.
Purchase made from Bhuvan.
Rupees.
8000.
Omitted to be recorded.
Omitted.
This word has come for the first time.
Omitted.
Will you do one thing?
Give me another note.
Omitted to be recorded.
This means.
Omitted means.
Skip.
Skip from the mind.
I forgot.
8000 rupees from Bhuvan.
I had purchased some stuff.
I forgot to enter it.
Now it used to happen.
Something went wrong.
Till now the situation was like this.
This time it was not wrong.
It was a scam.
Did not enter.
Purchase book was left empty.
Earlier it used to be filled.
This time no one came.
No marriage.
Purchase book is empty.
So what will be in the purchase account?
And what will be in the Bhuvan account?
And what will go in the trial balance?
Nothing.
So what should I show you?
I am helpless.
If there is any entry somewhere, then I will do it.
This entry happened.
And this mistake happened.
No entry.
Everything is missing.
Can't see.
Like Tushar Kapoor's movie.
Missing, missing.
So what should I do?
Sir, you start the direct solution.
Okay.
If you can't see the way, far away, then look closely.
And walk as much as you can.
Stage of error.
First of all, tell me where the error happened.
At the time of
Journal or subsidiary book.
Mistake happened at the first stage.
If you were doing a journal, then you didn't enter the
journal.
If you were a company making a subsidiary book, then you
didn't enter the subsidiary book.
Forgot.
Number two.
Type of error.
This came in front of you this time.
Error of omission.
It has come for the first time.
Error of omission.
Dialogue is hitting like Salman Khan.
He is saying.
Won't you welcome us?
What is its welcome?
Is it a very good thing?
You will have to open your mind.
What is your welcome in you?
Error of omission.
Will the trial balance be tallied or not?
Now let's see.
How much do you run your mind?
Yes, Karishma.
You told omission first.
Will the trial balance be tallied or not?
Today's most tricky question.
Will my trial balance be tallied?
Yes or no.
There is only one answer.
Varsha said.
You take the wrong name, sir.
Okay.
Varsha has given the answer.
That the trial balance will be tallied.
And Karishma has also given the answer.
Yes, sir.
The trial balance will be tallied.
Absolutely right.
If I make a trial balance from here, how will it look?
Debit zero, credit zero.
It is tallied.
Trial balance is tallied.
It is not affected.
It is a double-sided error.
What is the entry?
Make a general entry.
Purchase account, debit to Bhuvan account.
This is the entry.
8000, 8000.
You neither made a debit of 8000 nor did you make a credit
of 8000.
That means you also dropped the debit from 8000.
You did not make a debit.
And you also dropped the credit from 8000.
You did not make a credit.
So this is a double-sided error.
Debit and credit are going in the same direction.
Same amount from 8000.
This has become a double-sided error.
And in this, the trial balance will be tallied.
And at the first stage, will double entry be possible?
At the first stage, will double entry be possible?
Yes.
Varsha has already written.
Entry is possible.
Superb stuff.
Wonderful.
Very good.
Now you have understood.
There is no problem.
You have started understanding things.
Before trial balance.
And this will be double entry.
Purchase to Mr. A.
You forgot to make the entry.
Now pass it.
Purchase to Mr. A.
Second stage.
After trial balance.
Before financial statement.
Same to same entry.
Because I told you.
If double entry is possible, then the rectification of the
first two stages is the same.
If it is a double-sided error, then there is no need for
suspense in trial balance.
It is a match.
So there is no need to open suspense.
Nor do we finish it at the time of rectification.
Same to same entry.
Last.
After financial statement.
Instead of purchase.
P&L adjustment word will come.
P&L adjustment account debit.
To Mr. A account.
8000.
P&L adjustment to Mr. A.
Yes.
Very good.
You are telling me.
Varsha said it will be the same.
Karishma said it will be the same.
Varsha said P&L adjustment.
You have written the answer before me.
Superb stuff.
Now Delhi is not far.
Sir.
Delhi is not far from us anyway.
It will be far from you.
We live in Delhi.
It is far from me.
I am also about to reach.
There are 2-4 classes and we will reach Delhi.
Write it quickly.
Note it down.
Done.
Have you written before?
Yes.
Now you sit with your collar up.
Now you know everything.
Now you will write before.
What do you need me now?
In this chapter.
Students use it a lot.
They listen carefully.
And as soon as they understand.
They sing a song for me.
Now you don't need it.
Now we can run out.
I am also like a suspense in this chapter.
I am also in a bad condition.
Varsha is laughing.
Let's go.
Let's move on.
Let's go.
Next example is coming.
Write it yourself.
I have to look back.
Done.
Write it.
Purchases from Bhuvan
Rs. 8000
Committed Committed To be posted
To Bhuvan
Committed to be posted
To Bhuvan
We did not post in Bhuvan account.
Posting in Bhuvan account
We forgot.
Do you know what happened this time?
We wrote in the purchase book.
In the name of Bhuvan
Rs. 8000
We made a purchase account.
Wrote in that too.
To Bhuvan
Rs. 8000
But when it came to making Bhuvan account
We forgot to write the purchase in that.
Rs. 8000
We made it disappear. Thank you so much.
partial omission.
Thank you so much.
Thank you so much. or final.
Listen, the credit should have been in the bank account
from Rs 50,000.
Yes, sir.
I did the credit, I did the bank from Rs 50,000.
There is no mistake in the bank.
But the mistake is only in the machinery account, sir.
The machinery has made a mistake in the machinery and
purchase account, sir.
The machinery should have been debited from Rs 50,000.
It has made a mistake in the purchase account.
How do I fix this?
The account which I should have debited,
I didn't do it at the right time.
But it's okay.
If you make a mistake in the morning and come home at
night, you don't call it a mistake.
Now debit the machinery.
And the account which didn't need to be debited,
I forced it to sit on the debiting post.
I even named it Rs 50,000.
Credit it and throw it out of here.
To purchase account, Rs 50,000.
Machinery account debit to purchase.
This entry will be made at the first stage.
This is the rectification of the first stage.
Before trial balance.
Sir, what will be the rectification of the second stage?
There is nothing to think about.
If double entry is possible at the first stage, then the
same entry will come at the second stage.
Machinery account debit to purchase account.
Rs 50,000, Rs 50,000.
And what will happen at the third stage?
After financial statement.
Same to same.
Machinery will be debited.
Because it is not income or expense.
Instead of purchase, P&L adjustment account will come.
Rs 50,000 and Rs 50,000.
Instead of purchase, P&L adjustment will come.
Rs 50,000 and Rs 50,000.
Very good.
Machinery account debit to P&L adjustment.
This entry will be made.
This is called Principal Error.
Stage of Error.
We have made a mistake at the time of general entry.
Type of Error.
Principal Error.
Trial balance will remain the same.
Because instead of Machinery, the name has changed to
Purchase.
Debit same amount.
Rs 50,000.
And Machinery and Purchase were affecting two accounts.
That is why double entry is also possible.
Why is there no commission?
You had said.
If you write the wrong account.
Error of commission occurs.
There was a wrong account in this.
Instead of Machinery, Purchase account came.
This should be Error of Commission.
If I divide Error of Commission into two parts.
Take this.
There are two parts of Error of Commission.
One part is that.
In which we.
Instead of Machinery or Asset.
Purchase or Expense account.
Debit or Credit.
Use it wrongly.
And.
One I say.
Others.
Error of Commission.
So friends.
In Error of Commission.
This type.
We call it.
Principal Error.
Error of Commission.
Principal Error.
Why? Because this is a very common mistake.
Why did you give it a new name?
This is a very common mistake.
Many accountants do this.
They buy machinery and say.
If we have bought goods.
Purchase account should be debit.
So this general mistake.
Common mistake.
To highlight separately.
Gave a different name.
Principal Error.
There is nothing else.
Okay Varsha.
Okay Sir.
Okay.
Let's go.
Today's last part.
Let's move on to last part.
Write point number 2 in this.
In this example.
Point number 2.
Repair in machinery.
4000 rupees.
Debit to machinery account.
My God.
What should have been the right entry?
Can you tell me?
What should have been the right entry?
If you have repaired 4000 in machinery.
What will be the right entry?
Varsha has given the correct answer.
Waiting for Karishma's answer.
Repair expense to cash.
Let's do this bank.
Bank Karishma.
So the correct entry should have been.
Repair account debit to bank.
But what did you do?
By mistake.
Machinery to bank.
4000, 4000.
This should have been.
You did it by mistake.
Machinery to bank.
Tell me.
How will be the rectification?
Sir, who should have been debited.
You did not do it.
You debited him.
Repair account debit 4000.
Machinery 4000.
This is the rectification of the first stage.
Before trial balance.
After trial balance.
Before financial statement.
It will be the same.
After financial statement.
Sir, after financial statement.
There is only a repair expense.
Instead of that.
P&L adjustment account will come.
P&L adjustment account debit to.
Machinery account 4000.
P&L adjustment to.
Machinery 4000.
4000, 4000.
Good.
This will also be called the principal error.
Sir, just now you told.
There is only one in the principal error.
What do I do now?
If I tell you at the same time, you will feel.
What are you saying?
One more thing will come.
Is there no third sir?
One more thing will come.
It is exactly the same.
In the case of repair.
Debit the asset account.
There are only two examples of principal error.
Debit the purchase instead of the machinery.
Debit the machinery instead of the repair.
These are the two examples.
There are no more examples of principal error.
Fine.
OK Sir.
You will see it very well.
This is also the same thing.
Instead of machinery, we have machinery.
We have machinery account.
The wrong account.
There is an error of commission here as well.
But this is also a common mistake.
This too will be highlighted separately.
I will give it a separate name.
So this is also called the principal error.
These are the same two types.
There are two types of principal error.
I have not made these two in great detail.
Because I believe it was enough.
So, where we don't want to draw, we won't draw.
Where we need to draw, we will draw.
We will go according to the rules.
Let's go to the first page.
I said, let's go to the first page.
Come on the first page.
Further classification of error can be done into error of
commission, error of omission, or principal error.
Compensating error is left.
In the beginning of the next class,
I will give an example of compensating.
Then we will go to more important questions.
Tell me, what did I tell you in the error of commission?
Sir, wrong amount.
Sir, wrong account.
Sir, wrong side.
What did I tell you in the error of omission?
Partial and complete.
What did I tell you in the principal error?
Debit the purchase account instead of the asset.
And instead of the repair,
Debit the asset account.
These are the two principal errors.
We haven't talked about compensating yet.
Sir, tell us one thing.
There is a small confusion.
Sir, how to see the error?
Look at it from the point of view of one-sided error.
Look at it from the point of view of error which affects
trial wellness.
Look at it from the point of view of double-sided error.
Look at it from the point of view of error which does not
affect trial wellness.
Look at it from the point of view of error of commission
principal omission compensating.
The point of view does not matter.
You just need to know.
Now look at the name of Varsha.
Varsha is also there.
Varsha's name is Vashi too.
There are many names of one person.
And there are many characters of one person.
Sir, there are many characters too.
I have a character of a teacher here.
You have a character of a student.
My character changes at home.
Your character changes with your friends.
You have a third character.
I also have a third character with my friends.
All places are different.
So the same is the case of error.
Don't mix.
If you mix, it will be a mess.
If I, you and our friends sit together, it will be a mess.
There will be no talk of doing.
What should we talk about?
We are not made for this thing.
So don't mix.
There is no need to mix.
Look at it separately.
There is one-sided error.
Which affects only one account.
In which there is no trial balance tally.
And there are also double-sided errors.
Due to which the trial balance tally happens.
And there is another way to divide the errors.
Commission, Omission, Principal Compensating.
There are different ways of classification.
Nothing else.
It is different.
Don't mix them
Okay sir
I hope my friends
You must have understood
In the next class
We will finish the compensating error
And take you on the journey
Okay If you have any doubt, please ask