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Do you agree or disagree with the following statement: When a transaction is not recorded according to the principles of accounting it is known as Compensating errors. - Book Keeping and Accountancy

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MCQ
True or False

Do you agree or disagree with the following statement:

When a transaction is not recorded according to the principles of accounting it is known as Compensating errors.

Options

  • Agree

  • Disagree

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Solution

When a transaction is not recorded according to the principles of accounting it is known as Compensating errors. - Disagree

Concept: Types of Errors-Compensating Errors
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 8 Rectification of Errors
Exercises | Q 5. 5) | Page 268
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