Accountancy, asked by priyasinghp395, 17 days ago

define and explain different kinds of error
that take place while recording transactions ? man​

Answers

Answered by amanulshakoor3
0

Answer:

What are the most common types of accounting errors & how do they occur?

What are the most common types of accounting errors & how do they occur?Data entry errors. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ... Error of commission. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ... Error of commission. ... Error of transposition. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ... Error of commission. ... Error of transposition. ... Compensating error. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ... Error of commission. ... Error of transposition. ... Compensating error. ... Error of duplication. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ... Error of commission. ... Error of transposition. ... Compensating error. ... Error of duplication. ... Error of principle. ...

What are the most common types of accounting errors & how do they occur?Data entry errors. ... Error of omission. ... Error of commission. ... Error of transposition. ... Compensating error. ... Error of duplication. ... Error of principle. ... Error of entry reversal.

Errors of Commission: The errors that are committed because of wrong posting of transactions, wrong balancing of accounts, wrong casting of subsidiary books, wrong totaling or wrong recording of amount in the books are all error of commission. These errors affect the agreement of the trial balance.

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