Question

error of commission affected trial balance.True or False​

Answer 1

false because An error of commission. A compensating error. An error of original entry, or. A complete reversal of entries.

Answer 2

ANSWER :

❖ Given statement is :-

• Error of commission affected trial balance.

★ This statement is False.

❍ All errors of commission are not affected the agreement of the Trial Balance or all these errors is not disclosed by the Trial Balance.

❍ Errors of Principle and Compensating Errors are Errors of Commission which are not affected the Trial Balance.

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KNOW MORE :

❒ Errors of Commission :-

• ➫ The errors or mistakes which arises due to some positive act on the part of the person responsible for the maintenance of books of accounts are known as Errors of Commission.

• ➫ Errors of Commission are committed because of lack of proper accounting knowledge, ignorance and carelessness of the accounting staff.

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❒ Classification of Errors of Commission :-

• ➫ Errors of Principle

• ➫ Errors of Casting

• ➫ Errors of Posting

• ➫ Compensation Errors

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❒ Example of Errors of Commission :-

• ➫ Pošting of wrong amoint in a ledger account from subsidiary book

• ➫ Poşting on the wrong side of an account.

• ➫ Pośting an item twice in a ledger from the subsidiary book.

• ➫ Recording an item in a wrong account head.

• ➫ Recording a transaction violating the fuńdamental accounting principle etc.