What is Rectification of Errors and types of errors?
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Answer / lxmi1972
These are nothing but an error can happens in accounts for
which rectification need to be done to set right the
accounts.
Following are Types of Error can occur:
1.Error of commission
2.Error of omission
3.Compensating Errors
4.Casting errors.
| Is This Answer Correct ? | 36 Yes | 5 No |
Answer / samreen
These are the mistakes which to be happen while
accounting,hence the method of correcting the mistakes is
called as "Rectification of Errors"
Types of Errors:
1.Error of principels
2.Error of commossion
3.Error of omission
4.Error of casting
6.Error of posting
7.clerical errors
8.compensating errors
| Is This Answer Correct ? | 16 Yes | 9 No |
Answer / hussain
there are 4 types of errors in accounting
1 Error of principle
2 error of ommission
3 error of commission
4 compansating errors
| Is This Answer Correct ? | 5 Yes | 3 No |
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Audit 
