Question

State with reasons whether the following statement is true or false:
If the amount Is posted in the wrong account or it is written on the wrong side of an account it is called error of omission.

• A. True
• B. False

Answer 1

The correct option is B False

False. If the amount Is posted in the wrong account or it is written on the wrong side of an account it is called error of commission. Error of commission is where there is an error of posting in wrong amount, wrong account etc.