Economics · Accounting Errors and Rectification
Match List I with List II: List I: a. Errors of Omission b. Errors of Commission c. Errors of Principle d. Compensating Errors List II: 1. Wrong amount posted in one account is offset by wrong posting of the same amount in another account. 2. Accounting principles are violated. 3. Wrong amount recorded in journal or subsidiary books. 4. A transaction is completely or partially omitted.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1a-4, b-3, c-2, d-1✓
- 2a-3, b-2, c-4, d-1
- 3a-2, b-3, c-4, d-1
- 4a-4, b-2, c-1, d-3
Correct answer
a-4, b-3, c-2, d-1
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