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    Question

    Which of the following describes a clerical error made during the posting, totaling, or balancing of an account?

    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
    E Error of transposition Correct Answer Incorrect Answer

    Solution

    They are committed while recording transactions. These errors may or may not affect the agreement of trial balance. Mistake in balancing an account. Mistake in posting in so far as the amount is wrongly written.

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