Accounting · Rectification of Errors
The classification of accounting errors into those affecting the Trial Balance and those not affecting it primarily depends on whether the error:
- 1Violates the Money Measurement Concept.
- 2Was detected before or after the preparation of the ledger.
- 3Violates the Dual Aspect Concept.✓
- 4Was committed by a senior or junior accountant.
Correct answer
Violates the Dual Aspect Concept.
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