WAEC Financial Accounting 1999 Question 41

Question 41

Correction of Errors and Suspense Account

Purchases of goods from Obi had been entered in Obika's Account. This is an error of

  1. A.omission
  2. B.compensation
  3. C.commission
  4. D.original entry.
Show the answer and explanation

Answer: C (commission)

Explanation

Posting to the wrong person's account of the right class is an error of commission.