Question

39.Error occured due to wrong posting are
called as error of----​

Answer 1

Answer:

Error of commission

Explanation:

Answer 2

Errors occured due to wrong posting are called as error of ___.

Answer: Errors of commission.

Extra Information:

Rectification of errors is required in accounts for correct accounting entries and records, for finalizing correct profit and loss after preparing P & L A/C with corrected figures and to find out the exact financial position of the firm.

The errors occured while writing books of accounts are classified into four types, namely Errors of Omission, Errors of Commission, Compensating Errors and Errors of Principle.

Errors committed due to wrong entries or posting of transanction or wrong recording of amounts are Errors of Commission.

Thus, these mistakes are likely to be committed and it is required to correct them.