Accountancy, asked by miraj68, 4 months ago

What do you mean by the term compensating error

Answers

Answered by krishnaadhana20

7

Answer:

A compensating error is an accounting error that offsets another accounting error. ... These errors may also appear in different accounts, so that the trial balance totals for total debits and credits are correct, but different account balances are incorrect.

Answered by ahalyajamsvg2008

1

Explanation:

A compensating error is an accounting error that offsets another accounting error. ... These errors may also appear in different accounts, so that the trial balance totals for total debits and credits are correct, but different account balances are incorrect.

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