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Question
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.
Options
Agree
Disagree
MCQ
True or False
Solution
When one or more debit errors happen to equal one or more credit errors it is said to be a Compensating error. - Agree
shaalaa.com
Types of Errors-Compensating Errors
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RELATED QUESTIONS
Answer in One Sentence:
What are compensating errors?
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 a transaction is not recorded according to the principles of accounting it is known as Compensating errors.
