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    Question

    An amount of Rs. 500 received from a customer has been

    debited to his account. This error is classified as: 
    A Error of principle Correct Answer Incorrect Answer
    B Error of omission Correct Answer Incorrect Answer
    C Error of commission Correct Answer Incorrect Answer
    D Compensating error Correct Answer Incorrect Answer

    Solution

    • Error of commission occurs when: o The correct account is used, but the wrong amount or wrong side (debit/credit) is posted. • In this case: o Customer's account should have been credited, but was debited.

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