Which of the following errors will affect the agreement o...
Which of the following errors will affect the agreement of the trial balance?
Error of original entry
Error of commission
Error of transposition
Error of omission
Correct answer is C
A transposition error is a simple error of data entry that occurs when two digits that are either individual or part of a larger sequence of numbers are accidentally reversed (transposed) when posting a transaction.
Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...
Prepayment is treated in the balance sheet of firm as a ...
Use the following information to answer the given question. \(\begin{array}{c|c} \text{Net prof...
₦ Debtors opening 4000 Debt...
The transactions relating to liquidation in partnership account is drawn by using? ...