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  • Wrong Amount

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    Pranal
    6 views1 page
    The document discusses different types of errors that can occur when recording or posting transactions including: omission errors by leaving out a transaction entirely; commission errors by posting transactions incorrectly such as to the wrong account; and compensating errors where two errors offset each other so the net effect is zero. It also mentions duplication errors where the same transaction is posted twice.

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    wrong amount

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    The document discusses different types of errors that can occur when recording or posting transactions including: omission errors by leaving out a transaction entirely; commission errors by posting transactions incorrectly such as to the wrong account; and compensating errors where two errors offset each other so the net effect is zero. It also mentions duplication errors where the same transaction is posted twice.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Wrong Amount

    Uploaded by

    Pranal
    The document discusses different types of errors that can occur when recording or posting transactions including: omission errors by leaving out a transaction entirely; commission errors by posting transactions incorrectly such as to the wrong account; and compensating errors where two errors offset each other so the net effect is zero. It also mentions duplication errors where the same transaction is posted twice.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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