Explanation of Omission of Rs. 100 in Cash Book:

1. Receipt from Dev:
- A sum of Rs. 100 was received from Dev, which was meant to be recorded in the cash book.

2. Possible Reasons for Omission:
- The entry may have been forgotten or overlooked during the recording process.
- There could have been a mistake in the accounting software or manual entry.
- The person responsible for recording the transactions may have been absent or busy at the time.

3. Impact of Omission:
- The omission of Rs. 100 in the cash book will lead to discrepancies in the financial records.
- The cash balance will be understated, affecting the accuracy of financial statements.
- It may also result in errors in future decision-making and financial analysis.

4. Steps to Rectify the Omission:
- The missing entry should be identified and recorded in the cash book immediately.
- The correct date and details of the transaction should be mentioned in the entry.
- The cash book should be balanced to ensure accuracy in the financial records.

5. Importance of Accurate Recording:
- Accurate recording of all transactions is crucial for maintaining financial integrity.
- It helps in tracking income and expenses, managing cash flow, and making informed business decisions.
- Regular reconciliation of accounts and proper oversight can prevent such omissions in the future.

Add rs 100 in cash column