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An error that results from wrong posting, totalling, or balancing in the books is called:

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Question

An error that results from wrong posting, totalling, or balancing in the books is called:

Options

  • Error of Omission

  • Error of Commission

  • Error of Principle

  • Two-sided Error

MCQ
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Solution

Error of Commission

Explanation:

Errors of commission are mistakes in recording amounts, posting, totaling, or balancing transactions.

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