ACCN1 : Types of Errors
- Created by: Oren
- Created on: 10-05-10 12:56
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Types of Errors
These are the errors that can occur during the double-entry process. Some are recognisable more easily however some are trickier to find. They won't show up on a trial balance.
1 ) Error of Omission
Missing (omitting) an entry from the double entry system completely. Since it is not there at all, the balance would remain however would be lower.
2 ) Error of Commission
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