Read About Types Of Accounting Errors In Detail.

Asked By Lori Polacek 10 points N/A Posted on - 08/01/2017

Hi everyone,

I wish to ask about types of accounting errors in brief. If anybody is having any clue regarding this, then please explain it in reply.

Thank you in advance.

• Status: Open
• Question Views: 478
• Answer Count: 1
• Vote Up 0 Vote Down

• Answer Accepted: No
• Question Category: OS
• Question Tags: accounting | Errors

Answered By Philip P Rivera 0 points N/A #302045

Read About Types Of Accounting Errors In Detail.

An error in accounting is a non-fraudulent error in financial documentation. The word is useful in reporting.
Different types of accounting errors involve:
• The Error of omission — a transaction whose recoding is not available.
• The Error of commission — a transaction whose calculation is not correct.
• The Error of principle –one which is not according to the accepted accounting principles.

About Philip P Rivera

Questions
10

Answers
6

Best Answers
0

• Vote Up 0 Vote Down

• Posted on - 08/01/2017
• Question Category: OS