Where a wrong figure occurs in only one account with the ...
Where a wrong figure occurs in only one account with the second figure correctly stated, this is an error of
Transposition
Compensation
Omission
Commission
Correct answer is A
A transposition error is a data entry error that occurs when two digits are accidentally reversed. It is where a bookkeeper accidentally reverses two adjacent digits, when recording transactional data.
Share premium is an example of? ...
Which of the following is not a real account? ...
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The difference between factory cost of goods produced and its market value is ...
A bookkeeping error occurs when there is ...
The distributable profit available to shareholders at the end of each year is the ...
The income and expenditure account of a club is the same as ...