Advertisements
Advertisements
प्रश्न
Answer in One Sentence:
What are compensating errors?
एका वाक्यात उत्तर
उत्तर
When two or more errors, identified from books of accounts are in such a way that the net effect of these errors, on the debit and on the credit sides of accounts is nil, such errors are known as compensating errors.
shaalaa.com
Types of Errors-Compensating Errors
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
Give one word/term or phrase for the following statement:
Error in which the effect of one mistake is nullified by another mistake.
Do you agree or disagree with the following statement:
When one or more debit errors happen to equal one or more credit errors it is said to be a Compensating error.
Do you agree or disagree with the following statement:
When a transaction is not recorded according to the principles of accounting it is known as Compensating errors.
