• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

types of errors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › types of errors

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 10, 2024 at 8:40 pm #707102
    iamcjjj
    Participant
    • Topics: 4
    • Replies: 2
    • ☆

    Which of the following types of error is never indicated when a trial balance is extracted?
    Errors of commission
    Errors of omission
    Errors of principle
    Transposition errors

    The correct answer is Errors of principle. But according to the explanation, the correct answer should be errors of omission? Is it a mistake?

    Explanation: The existence of a transposition error should always be revealed by a trial balance. Errors of omission and commission may or may not be revealed, depending on the nature of the error and whether the error has resulted in a mismatch between debt and credit entries in the general ledger accounts. An error of omission is never revealed, because there have been no entries in the general ledger for the omitted item.

    June 11, 2024 at 8:39 am #707126
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    Where did you find this question, because the explanation is very strange?

    An error of omission will not be revealed if both the debit and credit entries have been omitted.

    An error of principle will also not be revealed because it is when an entry has been made to an SOPL account when it should have been made to a SOFP account (or vice versa).

    June 13, 2024 at 8:02 pm #707224
    iamcjjj
    Participant
    • Topics: 4
    • Replies: 2
    • ☆

    It’s from bpp mock2

    June 14, 2024 at 8:08 am #707232
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    It is a mistake. As I wrote before, both an error of omission and an error of principle are correct.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • John Moffat on AA Chapter 7 Questions
  • John Moffat on FA Chapter 12 Questions Sales Tax
  • Raihanbabu on AA Chapter 7 Questions
  • PhantomOne on FA Chapter 12 Questions Sales Tax
  • John Moffat on PM Chapter 12 Questions Quantitative analysis in budgeting

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in