What is an error of commission?
A: An error where a transaction has not been recorded
B: An error where one side of a transaction has been recorded in the wrong account, and that account is of a different class to the correct account
C: An error where one side of a transaction has been recorded in the wrong account, and that account is of the same class as the correct account
D: An error where the numbers in the posting have been transposed.
A: An error where a transaction has not been recorded
B: An error where one side of a transaction has been recorded in the wrong account, and that account is of a different class to the correct account
C: An error where one side of a transaction has been recorded in the wrong account, and that account is of the same class as the correct account
D: An error where the numbers in the posting have been transposed.
举一反三
- An error of commission is one where: A: A transaction has not been recorded. B: One side of a transaction has been recorded in the wrong class of account, such as non-current assets posted to inventory. C: An error has been made in posting a transaction. D: The digits in a number are recorded the wrong way round.
- I shall appreciate your effort in (correct) ________ this error in my bank account as soon as possible.
- He has been asked to account _____ his absence.
- Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
- Which one of the following would be an error of principle? A: Plant and machinery purchased was credited to a non-current assets account B: Plant and machinery purchased was debited to the purchases account C: Plant and machinery purchased was debited to the equipment account D: Plant and machinery purchased was credited to the equipment account