Question: Identify the different types of errors: i. A cheque for $188 received from a customer had been correctly entered in the cash book but posted
Identify the different types of errors:
i. A cheque for $188 received from a customer had been correctly entered in the cash book but posted to the customer's account as $180. Compensating errorTransposition errorCompensating errorErrors of original entryError of CommissionErrors of original entryErrors of omissionError of Principle
ii. A purchase of fittings $407 had been included in the purchases account. Error of CommissionErrors of original entryError of PrincipleCompensating error
iii. $300 paid by a customer, Alaya, had been credited to Allas account in error Compensating errorTransposition errorCompensating errorErrors of original entryError of CommissionErrors of original entryErrors of omissionError of Principle
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