Rectification of errors

MCQ’s on Rectification of Errors

ByPrajwal Shewatkar
  1. What is the main purpose of preparing a trial balance?
    A) To calculate profit
    B) To check the accuracy of journal and ledger accounts
    C) To determine asset value
    D) To allocate capital
    E) To record transactions
    Correct answer: B
  2. Errors of principle occur when:
    A) A transaction is omitted from the records
    B) A wrong amount is recorded
    C) A transaction is recorded in contravention of accounting principles
    D) Debit and credit are reversed
    E) Mathematical errors are made
    Correct answer: C
  3. Which type of error does not affect the trial balance?
    A) Errors of omission
    B) Errors of commission
    C) Errors of principle
    D) Errors of posting
    E) Wrong totaling of the subsidiary book
    Correct answer: C
  4. In case of compensating errors, the trial balance:
    A) Does not tally
    B) Is affected
    C) Agrees
    D) Shows a larger difference
    E) Is discarded
    Correct answer: C
  5. Errors affecting the trial balance include all of the following EXCEPT:
    A) Wrong balancing of an account
    B) Posting the wrong amount
    C) Wrong casting of the subsidiary books
    D) Recording revenue instead of an expense
    E) Omitting the total of the subsidiary book
    Correct answer: D
  6. When purchase of a computer is treated as an expense, it is called an:
    A) Error of omission
    B) Error of commission
    C) Error of principle
    D) Error of posting
    E) Error of recording
    Correct answer: C
  7. What is a common feature of clerical errors?
    A) They always affect the trial balance
    B) They occur due to oversight or mistakes in the accounting process
    C) They are a result of interpretation issues
    D) They can only be rectified after preparing the financial statements
    E) They cannot be fixed
    Correct answer: B
  8. Errors of omission can be classified into:
    A) Wrong entries and wrong posting
    B) Partial and complete omission
    C) Principal errors and clerical errors
    D) Errors affecting trial balance and errors not affecting trial balance
    E) Wrong casting and wrong balancing
    Correct answer: B
  9. If a sale is entered as a purchase, it is an example of:
    A) Error of omission
    B) Compensating error
    C) Error of principle
    D) Error of commission
    E) None of the above
    Correct answer: C
  10. If the discount column in the cash book is undercast by ₹200, how is the error rectified?
    A) Debit suspense account
    B) Credit suspense account
    C) Credit the discount allowed account
    D) Debit the discount received account
    E) Ignore the error
    Correct answer: C
  11. When errors are detected after the trial balance, they are corrected by opening a:
    A) Capital account
    B) Profit and loss adjustment account
    C) Suspense account
    D) Nominal account
    E) Ledger account
    Correct answer: C
  12. Which of the following is NOT a clerical error?
    A) Wrong totaling of a subsidiary book
    B) Error of complete omission
    C) Error of posting wrong amount
    D) Recording the wrong type of transaction
    E) Posting to the wrong side of the ledger
    Correct answer: D
  13. What is a suspense account used for?
    A) To temporarily store discrepancies in trial balances
    B) To record capital investments
    C) To adjust for income tax errors
    D) To maintain ledger balances
    E) To record bank transactions
    Correct answer: A
  14. If a credit purchase from X is debited to Y’s account, this is an example of:
    A) Error of omission
    B) Error of commission
    C) Error of principle
    D) Compensating error
    E) Bank reconciliation error
    Correct answer: B
  15. The error where the debit or credit is posted to the wrong account is called:
    A) Error of omission
    B) Error of principle
    C) Error of posting
    D) Error of calculation
    E) None of the above
    Correct answer: C
  16. Wrong posting from subsidiary books results in:
    A) The trial balance tallying
    B) Suspense accounts being closed
    C) Errors in ledger balances
    D) Profit increase
    E) Depreciation miscalculation
    Correct answer: C
  17. When is an error classified as an error of commission?
    A) When a transaction is omitted
    B) When a wrong amount is entered
    C) When a transaction is posted to the wrong account
    D) When a transaction violates accounting principles
    E) When a transaction is omitted from the subsidiary books
    Correct answer: C
  18. If cash sales of ₹5,000 are not entered in the cash book, it is an example of:
    A) Error of principle
    B) Error of omission
    C) Error of commission
    D) Compensating error
    E) None of the above
    Correct answer: B
  19. If an asset purchase is incorrectly recorded as an expense, the trial balance will:
    A) Be unaffected
    B) Show a higher debit balance
    C) Show a higher credit balance
    D) Not agree
    E) Show a wrong profit calculation
    Correct answer: A
  20. Which of the following errors affects only one account?
    A) Wrong posting of an amount
    B) Wrong casting of the ledger
    C) Wrong entry in the journal
    D) Wrong entry in the cash book
    E) Omission of discount entry
    Correct answer: E
  21. The undercasting of the sales book affects:
    A) Cash balance
    B) Sales account
    C) Purchases account
    D) Suspense account
    E) Capital account
    Correct answer: B
  22. Goods sold for ₹3,000 were entered as ₹300. This is an example of:
    A) Error of commission
    B) Compensating error
    C) Error of principle
    D) Error of omission
    E) Error of posting
    Correct answer: E
  23. Errors that affect the debit and credit equally are called:
    A) Clerical errors
    B) Errors of omission
    C) Compensating errors
    D) Errors of commission
    E) Principal errors
    Correct answer: C
  24. A purchase of ₹5,000 from M was debited to N’s account. This is an example of:
    A) Error of omission
    B) Error of commission
    C) Error of principle
    D) Compensating error
    E) Posting error
    Correct answer: B
  25. Errors of omission, when rectified, result in:
    A) Decrease in profit
    B) Increase in profit
    C) No effect on profit
    D) Increase in liabilities
    E) Closing suspense accounts
    Correct answer: C
  26. Which of the following is an example of an error of omission?
    A) Posting to the wrong side of an account
    B) Recording a purchase in the wrong ledger
    C) Failing to record a sales transaction in the books
    D) Misposting a journal entry
    E) Debiting one account and crediting another with the wrong amounts
    Correct answer: C
  27. What type of error occurs when two errors cancel each other out?
    A) Error of omission
    B) Error of principle
    C) Compensating error
    D) Error of commission
    E) Error of posting
    Correct answer: C
  28. Which of the following errors does NOT affect the trial balance?
    A) Omission of a transaction from the ledger
    B) Posting the wrong amount to the correct account
    C) Entering a transaction twice in the trial balance
    D) Incorrect totaling of the trial balance
    E) Posting an amount on the wrong side of the ledger
    Correct answer: A
  29. An error of commission occurs when:
    A) A wrong account is debited or credited
    B) The trial balance does not tally
    C) A journal entry is omitted
    D) The wrong figure is posted to an account
    E) A transaction violates accounting principles
    Correct answer: A
  30. Which of the following would NOT result in a suspense account being created?
    A) A compensating error
    B) A difference in the totals of the trial balance
    C) An error detected after the trial balance is prepared
    D) Omission of a transaction from the ledger
    E) Wrong balancing of the cash book
    Correct answer: A
  31. Errors of principle involve:
    A) Miscalculating the total in a ledger account
    B) Incorrect classification of an asset or expense
    C) Posting the wrong amount to the correct account
    D) Forgetting to post a journal entry
    E) Reversing debit and credit entries
    Correct answer: B
  32. Which of the following is an error of omission?
    A) Posting a sale in the purchase account
    B) Posting the wrong amount to the correct account
    C) Forgetting to enter a purchase in the books
    D) Recording a transaction in the wrong account
    E) Overstating the value of sales
    Correct answer: C
  33. How are compensating errors identified?
    A) By checking if the trial balance tallies
    B) By reconciling the bank statement
    C) By reviewing cash transactions only
    D) By checking the income statement
    E) By comparing ledgers of different periods
    Correct answer: A
  34. If a transaction is recorded but with the wrong amount, it is classified as:
    A) Error of omission
    B) Error of commission
    C) Error of principle
    D) Error of posting
    E) Compensating error
    Correct answer: B
  35. If a purchase of furniture is wrongly debited to the purchases account instead of the furniture account, it is an example of:
    A) Error of principle
    B) Error of omission
    C) Compensating error
    D) Error of posting
    E) Error of commission
    Correct answer: A
  36. If sales of ₹5,000 are omitted from the books, what is the impact on the trial balance?
    A) The debit side will exceed the credit side
    B) The credit side will exceed the debit side
    C) Both sides of the trial balance will tally
    D) Both sides of the trial balance will show different figures
    E) The trial balance will be understated
    Correct answer: C
  37. When correcting errors detected before the trial balance, what is the most common procedure?
    A) Opening a suspense account
    B) Reversing the original entry
    C) Passing a rectification entry in the same period
    D) Using a profit and loss adjustment account
    E) Ignoring the error until the next period
    Correct answer: C
  38. If a purchase from B is posted to A’s account, it is a:
    A) Principal error
    B) Compensating error
    C) Commission error
    D) Omission error
    E) Clerical error
    Correct answer: C
  39. Which of the following would not result in a suspense account being created?
    A) The trial balance shows a difference
    B) A compensating error is identified
    C) Errors are detected after preparing the trial balance
    D) The correct totals are posted to the wrong accounts
    E) Omission of entry from the subsidiary books
    Correct answer: B
  40. When rectifying an error of principle, which of the following accounts is most likely affected?
    A) Suspense account
    B) Capital account
    C) Nominal account
    D) Income account
    E) Asset account
    Correct answer: E
  41. If an amount received from a customer is wrongly credited to the supplier’s account, it is:
    A) Error of principle
    B) Error of omission
    C) Error of commission
    D) Compensating error
    E) None of the above
    Correct answer: C
  42. Errors in totaling the trial balance result in:
    A) A suspense account
    B) A profit and loss adjustment
    C) An incorrect asset valuation
    D) A balance sheet discrepancy
    E) No impact on the financial statements
    Correct answer: A
  43. The main role of a suspense account is to:
    A) Correct errors in financial statements
    B) Adjust for depreciation
    C) Ensure trial balance agreement
    D) Record accrued liabilities
    E) Record prepaid expenses
    Correct answer: C
  44. A sales transaction of ₹4,000 is recorded as ₹40,000 in the sales account. How should this be corrected?
    A) Debit the sales account by ₹36,000
    B) Credit the sales account by ₹36,000
    C) Debit the suspense account by ₹40,000
    D) Credit the suspense account by ₹36,000
    E) Debit the sales account by ₹40,000
    Correct answer: B
  45. The rectification of errors after preparing the trial balance usually requires:
    A) An income statement adjustment
    B) A suspense account entry
    C) A journal voucher
    D) Adjusting retained earnings
    E) A balance sheet correction
    Correct answer: B
  46. An error where both debit and credit are affected equally but the wrong accounts are involved is called:
    A) Omission error
    B) Commission error
    C) Principal error
    D) Compensating error
    E) None of the above
    Correct answer: B
  47. Which of the following errors will still allow the trial balance to tally?
    A) Omitting an entry entirely from the subsidiary books
    B) Recording a transaction in the wrong account but on the correct side
    C) Posting a transaction on the wrong side
    D) Forgetting to post the total of a subsidiary book
    E) Omitting to write cash book balances
    Correct answer: B
  48. If wages paid for erecting a machine are posted to the wages account instead of the machinery account, this is:
    A) A clerical error
    B) An error of commission
    C) An error of omission
    D) An error of principle
    E) A compensating error
    Correct answer: D
  49. If a purchase return is posted to the sales return account, the trial balance will:
    A) Show a difference of twice the error
    B) Show an equal debit and credit total
    C) Show a higher debit total
    D) Show a higher credit total
    E) Not tally
    Correct answer: E
  50. A credit sale of ₹5,000 is recorded in the purchase book. This is an example of:
    A) Error of omission
    B) Error of principle
    C) Error of commission
    D) Compensating error
    E) Posting error
    Correct answer: B
  51. If a receipt from a debtor is wrongly posted as a payment to a creditor, it is an example of:
    A) Error of omission
    B) Compensating error
    C) Error of principle
    D) Error of commission
    E) Error of posting
    Correct answer: D
  52. What happens when the totals of the trial balance do not agree?
    A) The difference is transferred to the profit and loss account
    B) The balance is transferred to the capital account
    C) A suspense account is created for the difference
    D) The balance sheet will not tally
    E) The accounting cycle is restarted
    Correct answer: C
  53. If goods purchased on credit from X were debited to the account of Y, this would be classified as:
    A) An error of omission
    B) An error of commission
    C) A compensating error
    D) An error of principle
    E) A misclassification error
    Correct answer: B
  54. An error of omission does not affect the trial balance when:
    A) The transaction is only partially recorded
    B) The error occurs in the journal entry
    C) Both debit and credit entries are omitted
    D) The transaction is recorded in the wrong account
    E) A compensating entry is made
    Correct answer: C
  55. If wages for installing a machine are recorded in the wages account instead of the machinery account, this error is an:
    A) Error of omission
    B) Error of principle
    C) Error of commission
    D) Compensating error
    E) Error of totaling
    Correct answer: B
  56. Which of the following errors will affect the trial balance?
    A) Omitting to record a credit sale in the subsidiary books
    B) Entering the wrong amount in the purchases journal
    C) Forgetting to post a journal entry to the ledger
    D) Posting the wrong amount to the wrong side of the ledger
    E) Posting a transaction on the correct side but in the wrong account
    Correct answer: D
  57. Errors of principle involve:
    A) Misposting amounts in the wrong ledger accounts
    B) Posting amounts to the wrong side of accounts
    C) Using incorrect accounting methods
    D) Mathematical mistakes in totaling
    E) Omitting transactions entirely
    Correct answer: C
  58. What is the effect on the trial balance if a cash sale is omitted from the books?
    A) The trial balance will not tally
    B) The trial balance will be unaffected
    C) Both sides of the trial balance will show an equal difference
    D) Only the credit side will be higher
    E) Only the debit side will be higher
    Correct answer: B
  59. How is an error where a purchase of machinery is wrongly recorded in the purchases account rectified?
    A) Debit the machinery account and credit the purchases account
    B) Debit the suspense account and credit the purchases account
    C) Debit the purchases account and credit the machinery account
    D) Debit the purchases account and credit the suspense account
    E) Debit the suspense account and credit the machinery account
    Correct answer: A
  60. Compensating errors:
    A) Always affect the trial balance
    B) Are identified easily
    C) Involve two or more errors that offset each other
    D) Are corrected using the suspense account
    E) Always result in a higher profit
    Correct answer: C
  61. A compensating error is best described as:
    A) An error that results in an overstated asset
    B) An error in which two or more mistakes cancel each other out
    C) An error that affects only the credit side of the trial balance
    D) An error that is corrected by making a single adjustment entry
    E) An error that affects the capital account
    Correct answer: B
  62. If a sales return is wrongly recorded as a purchase return, how does it affect the trial balance?
    A) Debit side of the trial balance will be understated
    B) Credit side of the trial balance will be overstated
    C) The trial balance will still tally
    D) Debit side of the trial balance will be overstated
    E) The difference will be transferred to the suspense account
    Correct answer: E
  63. When errors are detected after the preparation of the trial balance, they are rectified by:
    A) Opening a suspense account
    B) Reversing the trial balance
    C) Writing off the difference in the profit and loss account
    D) Closing the financial statements
    E) Reposting all journal entries
    Correct answer: A
  64. If a purchase of ₹1,000 is omitted from both the purchases account and the supplier’s account, this is an example of:
    A) Error of commission
    B) Error of principle
    C) Error of omission
    D) Compensating error
    E) Clerical error
    Correct answer: C
  65. The error where a purchase is wrongly classified as an expense is called an:
    A) Error of commission
    B) Error of omission
    C) Error of principle
    D) Compensating error
    E) Clerical error
    Correct answer: C
  66. If the purchases account is overcast by ₹500, what is the effect on the trial balance?
    A) The debit side will exceed the credit side by ₹500
    B) The credit side will exceed the debit side by ₹500
    C) The debit side will be understated by ₹500
    D) Both sides will balance equally
    E) No effect will be seen
    Correct answer: A
  67. Which of the following is the correct way to correct an overcast purchase total?
    A) Debit the purchases account by the overcast amount
    B) Credit the purchases account by the overcast amount
    C) Debit the suspense account and credit the purchases account
    D) Credit the suspense account by the overcast amount
    E) No correction needed
    Correct answer: B
  68. What is the correct procedure for rectifying errors that affect the trial balance after its preparation?
    A) Adjusting the journal entries only
    B) Opening a suspense account
    C) Transferring the difference to the capital account
    D) Using the balance sheet to identify errors
    E) Ignoring the error if immaterial
    Correct answer: B
  69. If wages for erecting machinery are posted to the wages account instead of the machinery account, what should be done?
    A) Debit the wages account and credit the machinery account
    B) Debit the suspense account and credit the wages account
    C) Credit the wages account and debit the machinery account
    D) Debit the purchases account and credit the machinery account
    E) Ignore the error
    Correct answer: C
  70. A compensating error will result in:
    A) The trial balance not tallying
    B) Overstating total assets
    C) No impact on the trial balance totals
    D) Overstating total liabilities
    E) A profit misstatement
    Correct answer: C
  71. Which of the following is NOT considered an error of principle?
    A) Recording an asset as an expense
    B) Treating capital expenditure as revenue expenditure
    C) Miscalculating depreciation
    D) Misclassifying a revenue item as a capital item
    E) Treating repairs as an addition to an asset
    Correct answer: C
  72. Errors that cause a discrepancy between the debit and credit totals of a trial balance include:
    A) Posting the wrong amount to the right account
    B) Omitting an entry from the journal entirely
    C) Posting an amount on the wrong side of the ledger
    D) Posting to the wrong account but correct side
    E) Misclassifying an expense as revenue
    Correct answer: C
  73. If a purchase of ₹6,000 is recorded twice in the purchases account but correctly recorded in the supplier’s account, how will the trial balance be affected?
    A) The debit side will be overstated by ₹6,000
    B) The credit side will be understated by ₹6,000
    C) The trial balance will still tally
    D) The debit side will be understated by ₹6,000
    E) There will be no impact on the trial balance
    Correct answer: A
  74. If rent received is mistakenly recorded as rent paid, this is an example of an:
    A) Error of omission
    B) Error of commission
    C) Error of principle
    D) Clerical error
    E) Compensating error
    Correct answer: C
  75. When a rectification entry is made after the trial balance, the correct procedure is to:
    A) Adjust only the error in question
    B) Reverse the trial balance totals
    C) Make the entry via a suspense account
    D) Correct the error through a capital adjustment
    E) Redo the entire trial balance
    Correct answer: C
  76. What is the purpose of a suspense account in error rectification?
    A) To record assets and liabilities
    B) To ensure that errors are carried forward to the next year
    C) To temporarily balance the trial balance when errors are present
    D) To adjust for depreciation
    E) To record capital gains
    Correct answer: C
  77. If a credit sale of ₹2,000 is recorded in the purchases account, what kind of error is it?
    A) Error of omission
    B) Error of principle
    C) Error of commission
    D) Compensating error
    E) Clerical error
    Correct answer: B
  78. Errors of omission generally occur when:
    A) A transaction is recorded twice
    B) A transaction is omitted completely or partially
    C) An amount is posted to the wrong side of an account
    D) A transaction is recorded with a wrong figure
    E) The wrong account is used
    Correct answer: B
  79. If an asset purchase is incorrectly debited to the expenses account, what is the result?
    A) An error of omission
    B) An overstated profit
    C) An understated asset value
    D) A compensating error
    E) An overstatement of liabilities
    Correct answer: C
  80. What happens if the discount received column in the cash book is overcast?
    A) The trial balance will show higher credit
    B) The trial balance will show higher debit
    C) The discount account will be overstated
    D) The suspense account will be opened
    E) No effect on the trial balance
    Correct answer: A
  81. If a transaction is recorded in the wrong account but on the correct side, how will the trial balance be affected?
    A) The debit side will be higher
    B) The credit side will be higher
    C) The trial balance will still tally
    D) The difference will go into the suspense account
    E) It will lead to a misstatement of profit
    Correct answer: C
  82. How is an error of principle different from an error of commission?
    A) An error of principle violates accounting policies, while an error of commission is an arithmetic mistake
    B) An error of commission is deliberate, while an error of principle is accidental
    C) An error of principle is always due to omission, while an error of commission is due to misposting
    D) An error of principle affects the trial balance, while an error of commission does not
    E) Errors of principle always involve expenses
    Correct answer: A
  83. Which of the following would result in an overstatement of assets?
    A) Omitting a credit sale
    B) Understating sales returns
    C) Recording capital expenditure as revenue expenditure
    D) Misclassifying a liability as an asset
    E) Overcasting the purchases account
    Correct answer: D
  84. Which error occurs when the totals of the debit and credit columns in the trial balance are wrong?
    A) Error of omission
    B) Compensating error
    C) Clerical error
    D) Error of principle
    E) Error of commission
    Correct answer: C
  85. If goods sold to Mr. A for ₹1,500 are incorrectly credited to Mr. B’s account, how will the trial balance be affected?
    A) Both sides of the trial balance will still tally
    B) The credit side of the trial balance will exceed the debit side
    C) The debit side of the trial balance will exceed the credit side
    D) The suspense account will be opened
    E) No impact on the trial balance, but Mr. B’s account will be overstated
    Correct answer: A
  86. The error where a transaction is omitted from the books entirely is called:
    A) Error of principle
    B) Error of commission
    C) Clerical error
    D) Error of omission
    E) Compensating error
    Correct answer: D
  87. Which of the following would likely require the use of a suspense account?
    A) Omitting a transaction from both debit and credit sides
    B) Posting an incorrect amount on both debit and credit sides
    C) Recording a transaction on the wrong side of an account
    D) Totals of debit and credit in the trial balance do not tally
    E) Misposting a transaction to a wrong account
    Correct answer: D
  88. If a purchase return of ₹5,000 is recorded as a sales return, what will be the effect on the trial balance?
    A) Debit side will exceed the credit side by ₹5,000
    B) Credit side will exceed the debit side by ₹5,000
    C) Both sides of the trial balance will still tally
    D) The suspense account will show a credit of ₹5,000
    E) There will be no effect on the trial balance
    Correct answer: A
  89. If wages paid for machine installation are recorded in the wages account, this is an example of:
    A) Error of omission
    B) Error of principle
    C) Error of commission
    D) Compensating error
    E) None of the above
    Correct answer: B
  90. Which of the following statements is true?
    A) Errors of omission always affect the trial balance
    B) Compensating errors are difficult to detect because they cancel each other out
    C) Errors of commission do not affect profit
    D) Errors of principle are the same as errors of omission
    E) Suspense accounts are used only for principal errors
    Correct answer: B
  91. If cash received from a customer is wrongly credited to the supplier’s account, it is classified as:
    A) Error of omission
    B) Error of commission
    C) Error of principle
    D) Compensating error
    E) None of the above
    Correct answer: B
  92. How are errors of principle rectified?
    A) By reversing the original journal entry
    B) By passing a rectification entry to move the amount to the correct account
    C) By adjusting the profit and loss account
    D) By transferring the error to the capital account
    E) By closing the error into the suspense account
    Correct answer: B
  93. If a sales return of ₹3,000 is recorded as a purchase return, the trial balance will:
    A) Be unaffected
    B) Show a credit of ₹3,000 more than the debit side
    C) Show a debit of ₹3,000 more than the credit side
    D) Still tally due to compensating errors
    E) Reflect an understatement of revenue
    Correct answer: B
  94. Errors detected before preparing the trial balance are generally rectified by:
    A) Recalculating the totals
    B) Passing a rectification entry
    C) Creating a suspense account
    D) Adjusting the profit and loss account
    E) Reposting all ledger entries
    Correct answer: B
  95. Which of the following would be classified as an error of principle?
    A) Posting the wrong amount in a transaction
    B) Recording a capital expenditure as a revenue expenditure
    C) Forgetting to post a transaction to the ledger
    D) Totalling a subsidiary book incorrectly
    E) Reversing debit and credit entries
    Correct answer: B
  96. If the totals of the cash book are wrong, it is an example of:
    A) Error of commission
    B) Error of principle
    C) Compensating error
    D) Clerical error
    E) Error of omission
    Correct answer: D
  97. When errors are rectified after the preparation of the trial balance, the difference is entered into:
    A) The capital account
    B) The suspense account
    C) The profit and loss account
    D) The balance sheet
    E) The journal ledger
    Correct answer: B
  98. A purchase of machinery for ₹10,000 is debited to the repairs account. This error is:
    A) A clerical error
    B) An error of omission
    C) An error of principle
    D) An error of commission
    E) A compensating error
    Correct answer: C
  99. When an error is identified after the trial balance but affects multiple accounts, the proper correction is to:
    A) Use a suspense account for rectification
    B) Recalculate the trial balance
    C) Pass a rectification entry without using a suspense account
    D) Transfer the error to the profit and loss adjustment account
    E) Correct the balance sheet totals
    Correct answer: A
  100. Errors that do not affect the trial balance are:
    A) Errors of commission
    B) Clerical errors
    C) Errors of principle
    D) Posting errors
    E) Omission of journal entries
    Correct answer: C

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