Question

what do you mean by errors? dicuss different types of errors?​

Answer 1

Answer:

There are several different types of errors in accounting. Accounting errors are usually unintentional mistakes made when recording journal entries. Small accounting errors may not affect the final numbers in financial statements. Or they might cause major distortions in the overall figures.

Answer 2

There are three types of errors, as follows: – Errors of Omission: – Error of omission is divided into two parts i.e., Complete omission of transactions and partial omission of transactions. In case of error of complete omission, a transaction is completely omitted to be recorded in the books of accounts.

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