Types Of Accounting Errors

The Best of Brian Tracy
Accounting errors can be classified into two types according to their common characteristics. These are as follows:

1. Types Of Accounting Errors Based On Their Nature
*Clerical Error
-Errors of omission
-Errors of commission
-Compensating errors
- Errors of duplication
* Errors Of Principle

2. Types Accounting Errors Based On Disclosure By Trial Balance
* Errors shown by trial balance
* Errors not shown by trial balance

Related Topics
Concept And Meaning Of Accounting Errors
Causes Of Accounting Errors
Rectification Of Accounting Errors And Its Methods

Goal Mastery For Personal And Financial Achievement


Post a Comment

free web counter