Accounting Errors

Beschreibung

Degree Accounting Karteikarten am Accounting Errors, erstellt von Kieran Howell am 08/11/2015.
Kieran Howell
Karteikarten von Kieran Howell, aktualisiert more than 1 year ago
Kieran Howell
Erstellt von Kieran Howell vor mehr als 8 Jahre
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Zusammenfassung der Ressource

Frage Antworten
An error of omission Will trial Balance be balance? Where by a transaction is not recorded at all. No.
An error of duplication Will trial Balance be balance? Entry of transaction duplicated at prime entry. No.
An Entry Error Where amount recoreded is incorrect (Omission of zero)(Trasposition of figures)
Arithmetical Error Will trial Balance be balance? Problems with mathematical calculations at any stage. Yes.
Double - Entry Errors Amount in cash book not posted. Amount posted is different from amount recorded. Rule of double-entry not completed
Error of commission Correct amount but incorrect class (Dr/Cr)
Error of Principle Correct amount. Incorrect account.
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