Interested to Buy Any Domain ? << Click Here >> for more details...
What is Rectification of Errors and types of errors?
- 3 Answers
- 13366 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lxmi1972
These are nothing but an error can happens in accounts for
which rectification need to be done to set right the
accounts.
Following are Types of Error can occur:
1.Error of commission
2.Error of omission
3.Compensating Errors
4.Casting errors.
| Is This Answer Correct ? | 36 Yes | 5 No |
Answer / samreen
These are the mistakes which to be happen while
accounting,hence the method of correcting the mistakes is
called as "Rectification of Errors"
Types of Errors:
1.Error of principels
2.Error of commossion
3.Error of omission
4.Error of casting
6.Error of posting
7.clerical errors
8.compensating errors
| Is This Answer Correct ? | 16 Yes | 9 No |
Answer / hussain
there are 4 types of errors in accounting
1 Error of principle
2 error of ommission
3 error of commission
4 compansating errors
| Is This Answer Correct ? | 5 Yes | 3 No |
What is the difference in accounting and marketing?
what do you mean by Firm
Do you know what is double-entry accounting? Explain with an example?
What are mis reports?
Tell us what do you believe should be an important quality of an account executive?
ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
why do we prepare balance sheet as on a particular date and not for a year?
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
machinery purchase of 10000 plus transportation 800 what will be the journal entry
2 Answers Air Smart HVAC Solutions, SS Solutions,
Dear Sir, We are operating a Security Agency, Please suggest us how to calculate holidays & Overtime duty, where we take 12 hrs, duty from guards in place of 08 hrs. duty. Please suggest us how to calculate. thanking you, suman
hi my name is nagesh,am working in constructions company i have one dout tally software purchase it is asset or expenditure.pls reply ASAP.
Audit 
