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Question
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.
Options
Agree
Disagree
Solution
The unintentional omission or commission of amounts and accounts while recording the transactions are known as an error. - Agree
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Answer in One Sentence:
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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.
Complete the following sentence:
Errors are caused due to ______ recording of transactions.
