Identify whether you agree (yes) or disagree (no) with the following definitions:

(a) Error of omission – not entered in any book of prime entry

(b) An entry error – wrong amount entered in the appropriate book of prime entry

(c) Duplication error – a transaction entered twice in a book of prime entry

(d) Error of commission – posted to the correct side of the wrong account of same class

(e) Error of principle – posted to the correct side of the wrong account of another class

(f) Double-entry error – not posted or posted to the wrong side

(g) Transposition error – figures in an amount switched around when entering/posting

(h) Compensating error – an error which does not disturb the Trial Balance

Transcribed Image Text:

y: Yes z: No