Posting of wrong amounts to the accounts are classified as ___

Totaling error

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Errors of Commission

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Errors of Omission

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None of the above

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Solution

The correct option is B
Errors of Commission

Posting of wrong amounts to the accounts are classified as Errors of Commission.

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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

Errors of commission of posting of wrong amounts in both the accounts can be revealed by Trial Balance. Is this statement correct?

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