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Question
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.
Options
Agree
Disagree
Solution
The errors committed due to wrong recording, wrong posting, wrong totalling, wrong balancing, wrong calculations are known as Arithmetical errors. - Disagree
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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.
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Errors are caused due to ______ recording of transactions.
