English, asked by Anonymous, 11 months ago

what are 4 types of errors in error of rectification ?​

Answers

Answered by sunyanajadhav5
2

Explanation:

Accounting errors are classified in to four types on the basis of nature of Errors. They are (1) Errors of Omission, (2) Errors of Commission, (3) Errors of Principles and (4) Compensating Errors. The Errors of Omission will occur when a transaction is not recorded in the books of accounts or omitted by mistake.

Answered by Anonymous
2

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Such errors include errors on account of wrong balancing of an account, wrong posting, wrong carry forwards, wrong totalling, etc❤️

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