⟩ Explain what are the groups under which errors in accounting are placed?
Errors in accounting are placed in the following main groups:
- Error of Omission
- Error of Commission
- Error of Principle
- Compensating Error
Question and Answer:
Home Cost Accountancy
- Share
Popular Answers:
* There is no answer to the above question yet.
More Questions for you:
Explain what is Easy Formation?
Explain what is Flexibility in Operations?
Explain what is No Legal Formalities required?
Explain what is Quick Decision Making?
Explain what is Better Control?
Explain what is Personal attention to customer needs?
Explain what is Share Capital?
Explain about the Deferred Revenue Expenditure?
What are adjustment entries? And why are they passed?
Explain capital structure? What are the principles of capital structure management?
