Economics · Accounting Errors and Rectification
occurs if a business transaction is completely or partially not recorded, whereas _____ occurs when one accounting error is offset by another error.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Error of omission, error of principle
- 2Error of omission, compensating error✓
- 3Error of principle, compensating error
- 4Error of principle, error of omission
Correct answer
Error of omission, compensating error
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