Q
Which of the following is not correct about Errors?
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A
A. Errors which affect one account can be errors of posting
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B
B. Errors of omission arise when any transaction is left to be recorded
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C
C. Errors of carry forward from one year to another year affect both personal and real a/c
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D
D. Errors of commission arise when any transaction is recorded in a fundamentally incorrect manner
Correct Answer:
D. D. Errors of commission arise when any transaction is recorded in a fundamentally incorrect manner
