Multiple Choice
An error of commission arises when:
A) A transaction is completely missed out.
B) A transaction is posted to the correct type of account (income, expense, asset, liability or capital) but the wrong account is debited or credited.
C) Two or more errors cancel each other out.
D) Transactions are posted to the correct accounts, but the debit and credit entries are reversed.
Correct Answer:

Verified
Correct Answer:
Verified
Q44: Which of the following are deductions from
Q45: The first step in preparing the bank
Q46: The total amounts recorded on sales invoices
Q47: Hina Limited records a VAT inclusive figure
Q48: Which of the following transactions would you
Q50: An error of omission arises when:<br>A) Two
Q51: Which one of the following is not
Q52: Mansoor's bank statement at 30 September shows
Q53: Credit notes from suppliers in the purchase
Q54: Books of prime entry:<br>Please select all that