errors

Question 1

error of commission

Answer 1

entry has been made in a wrong account of the same name

Question 2

error of principle

Answer 2

entry has been made in a wrong type of account

Question 3

error of omission

Answer 3

no entry has been made for a transaction

Question 4

error of original entry

Answer 4

an incorrect amount has been entered in a book of original entry and so the posting to ledger accounts is made with that incorrect amount.

Question 5

complete reversal of entries

Answer 5

a double entry has been made on the wrong sides of ledger accounts

Question 6

compensating errors

Answer 6

two or more errors have cancelled each other out so that trial balance agreement is not affected

Question 7

entry has been made in a wrong account of the same name

Answer 7

error of commission

Question 8

entry has been made in a wrong type of account

Answer 8

error of principle

Question 9

no entry has been made for a transaction

Answer 9

error of omission

Question 10

an incorrect amount has been entered in a book of original entry and so the posting to ledger accounts is made with that incorrect amount.

Answer 10

error of original entry

Question 11

a double entry has been made on the wrong sides of ledger accounts

Answer 11

complete reversal of entries

Question 12

two or more errors have cancelled each other out so that trial balance agreement is not affected

Answer 12

compensating errors