Advertisements
Advertisements
Question
Which kind of error happens when both a debit and an equivalent credit mistake occur, effectively cancelling each other out?
Options
Error of Omission
Compensating Error
Error of Commission
Error of Principle
MCQ
Advertisements
Solution
Compensating Error
Explanation:
Compensating errors are two or more mistakes that balance each other, so the overall trial balance remains unaffected.
shaalaa.com
Is there an error in this question or solution?
