Which of the following is not correct about Errors?
AErrors of omission arise when any transaction is left to be recorded
BErrors of carry forward from one year to another year affect both Personal and Real A/c
CErrors which affect one account can be errors of posting
DErrors of commission arise when any transaction is recorded in a fundamentally incorrect manner
Correct answer
D. Errors of commission arise when any transaction is recorded in a fundamentally incorrect manner
Explanation
Error of Commission arises because of wrong recording, wrong casting, wrong carry forward, wrong posting, wrong balancing etc.