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Question
Complete the following sentence:
Errors are caused due to ______ recording of transactions.
Fill in the Blanks
Solution
Errors are caused due to wrong recording of transactions.
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Meaning and Effects of Errors
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Answer in One Sentence:
What is meant by rectification of errors?
Do you agree or disagree with the following statement:
The unintentional omission or commission of amounts and accounts while recording the transactions are known as an error.
Do you agree or disagree with the following statement:
The errors committed due to wrong recording, wrong posting, wrong totalling, wrong balancing, wrong calculations are known as Arithmetical errors.
Complete the following sentence:
______ is assured only when there are no errors in the books of accounts.
