Where a wrong figure occurs in only one account with the ...
Where a wrong figure occurs in only one account with the second figure correctly stated, this is an error of
Transposition
Compensation
Omission
Commission
Correct answer is A
A transposition error is a data entry error that occurs when two digits are accidentally reversed. It is where a bookkeeper accidentally reverses two adjacent digits, when recording transactional data.
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \tex...
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The following appears in the trading account except ...
Opening stock ₦ Department A B 100 800 ...
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Which of the following is the effect of an increase in the provision for discount allowed? ...