Error occurred due to wrong posting are called as errors of ___________.

compensating

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omission

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principle

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commission

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Solution

The correct option is D commission
Errors are classified as:
Error of Omission
Error of Commission
Error of Principle
Compensating error

Error where the posing is done wrongly are called error of commission. For example, rent of $R s .5000$ is recorded as $R s .500$ .

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Similar questions

List-I	List-II
I. Compensating errors	(a) Not recording a business transaction
II. Errors of omission	(b) Charging a Revenue item to capital
III. Errors of principle	(c) Writing a debit item on the credit side and a credit item on the debit side of equal amount
IV. Errors of commission	(d) Posting a correct amount to a wrong account

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