A transaction entered on the wrong side of the correct account is known as: A) Error of omissionB) Error of principleC) Error of commissionD) Error of postingNeed help!!!
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A transaction entered on the wrong side of the correct account is known as:
A) Error of omission
B) Error of principle
C) Error of commission
D) Error of posting
Need help!!!
Step by step
Solved in 2 steps
- A transaction entered on the wrong side of the correct account is known as: A) Error of omissionB) Error of principleC) Error of commissionD) Error of postingwhen the wrong amount is posted to the correct account? A) Error of omissionB) Error of commissionC) Error of principleD) Compensating errorno aiwhen the wrong amount is posted to the correct account? A) Error of omissionB) Error of commissionC) Error of principleD) Compensating errorhelp
- 3. Which type of error occurs when the correct amount is posted to the wrong account? A) Error of OmissionB) Error of PrincipleC) Error of CommissionD) Compensating Error No ai usewhen the wrong amount is posted to the correct account? A) Error of omissionB) Error of commissionC) Error of principleD) Compensating errorA trial balance will not detect which of the following errors?A. OmissionB. Double entryC. TranspositionD. Posting to wrong account of same typeneed help !
- Need explanation!! A trial balance will not detect which of the following errors? A) Posting to the wrong sideB) Compensating errorC) Omission of an entryD) All of the aboveA trial balance will not detect which of the following errors? A) Posting to the wrong sideB) Compensating errorC) Omission of an entryD) All of the abovedo not use aiDo not use chatgpt A trial balance will not detect which of the following errors?A. OmissionB. Double entryC. TranspositionD. Posting to wrong account of same type
- A trial balance will not detect which of the following errors?A. OmissionB. Double entryC. TranspositionD. Posting to wrong account of same typehelpA correcting entry is not required if a. a transaction has been journalized using the wrong amounts and posted. b. a transaction has been journalized to the wrong accounts and posted. c. a transaction has been journalized using the wrong accounts and amounts, then posted. d. a transaction has been correctly journalized but posted incorrectly.Which of the following is true of the correcting entry method? a.It cannot be used to correct a manual entry. b.It cannot be used to correct computerized entry. c.It can be used only to correct an error before posting has taken place. d.It can be used to correct both manual and computerized entries.
