wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Errors of commission arises when any transaction is _____________.

A
recorded in a fundamentally incorrect manner
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
incorrectly recorded; either wholly or partially
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
omitted to be recorded
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
none of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B incorrectly recorded; either wholly or partially
Error of Commission is where any transaction is recorded erroneously.
For eg:
1. A transaction is recorded on the right side of the account but twice.
2. A transaction is recorded at an incorrect amount amount but at the right side of the account.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Items Excluded in GDP
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon