Question

when does the accounting error do not affected the profit​

Answer 1

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Errors that occur in items that do not appear in the Income Statement/Statement of Comprehensive Income do not affect the profit figure Examples include: Errors involving the Purchase of Fixed Assets. Miscalculating the Cash and Bank Balance. Wrong Long term loan figure.

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Answer 2

Explanation:

Errors which do not affect the profit figure

Errors that occur in items that do not appear in the Income Statement/Statement of Comprehensive Income do not affect the profit figure Examples include: Errors involving the Purchase of Fixed Assets. Miscalculating the Cash and Bank Balance. Wrong Long term loan figure.