Which of the following is not correct about Errors??

Accounting Mcqs
BILAL KHATTAK0

A. Errors which affect one account can be errors of posting
B. Errors of omission arise when any transaction is left to be recorded
C. Errors of carry forward from one year to another year affect both Personal and Real A/c
D. Errors of commission arise when any transaction is recorded in a fundamentally incorrect manner 

Related Mcqs:

  1. Which of these errors affect two or more accounts?
  2. Which of these errors affect only one account??
  3. Which of the following is true??
  4. Which of the following errors affects the agreement of a Trial Balance??
  5. The errors which form inexperience of the observer are known as
  6. Which of the following errors is an error of omission??
  7. A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.?
  8. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.?
  9. Errors of Omission are_____________??
  10. Which of the following statements is /are true??

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