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WAEC Financial Accounting 2017 Question 7

Question 7

Correction of Errors and Suspense Account

A credit purchase of GH¢200 from P. Osae was posted to the account of P. Osei. This is an error of

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

Answer: B (commission.)

Explanation

Posting to the wrong personal account of the same class is an error of commission.