Question

Chose the correct answer from the following;

The errors which are committed due to wrong posting of transactions,

wrong totaling or wrong balancing of the accounts, wrong casting of the

subsidiary books, or wrong recording of amount in the books of original

entry, etc. are called;

a. Errors of Commission

b. Errors of Omission

c. Errors of Principle

d. Compensating Errors
​

Answer 1

Answer:

Errors of commission are the errors that are committed due to wrong posting of transactions, wrong totaling or balancing of the accounts, wrong casting of the subsidiary books, or wrong recording of amount in the books of original entry, etc.