Accounting Errors

Descripción

Degree Accounting Fichas sobre Accounting Errors, creado por Kieran Howell el 08/11/2015.
Kieran Howell
Fichas por Kieran Howell, actualizado hace más de 1 año
Kieran Howell
Creado por Kieran Howell hace más de 8 años
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Resumen del Recurso

Pregunta Respuesta
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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