Cropoc and Non-cropoc Errors

Question 1

What is a commission error

Answer 1

Cropoc error, correct amount entered in correct type but wrong named account

Question 2

What is a reversal error

Answer 2

Cropoc error, entire double entry is the wrong way round

Question 3

What is an omission error

Answer 3

Cropoc error, entire double entry missed out

Question 4

What is a principle error

Answer 4

Cropoc error, transaction posted to incorrect type of account

Question 5

What is an original entry error

Answer 5

Cropoc error, incorrect amount has been entered into book of prime entry from a source document and mistake carried through into ledgers

Question 6

What is a compensating error

Answer 6

Cropoc error, two unrelated mistakes that by chance cancel each other out

Question 7

What is an addition error

Answer 7

Non-cropoc error, arithmetic error resulting in account being overcast or undercast

Question 8

What is a partial omission error

Answer 8

Non-cropoc error, where one side of the transaction has not being posted

Question 9

What is a transposition error

Answer 9

Non-cropoc error, where the correct figures have been entered in the wrong order on one side of the double entry

Question 10

What is an unequal posting error

Answer 10

Non-cropoc error, where there isn’t a corresponding credit entry for debit entry e.g. 2 debit entry’s or 2 credit entry’s