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what's a transposition error ?? I may be knowing it but by a different name..
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When you switch individual characters. For instance, 462 instead of 642what's a transposition error ?? I may be knowing it but by a different name..
When you switch individual characters. For instance, 462 instead of 642
alright, thanksOh.. then I guess its the same as error of original entry..
Check this: http://wizznotes.com/accounts/control-systems/types-of-accounting-errors
It think the difference is that error of transposition is when u exchange figures while original entry is when u miss or add a zero or any other mistake (May be transposition in LIKE a sub-category of error of original entry.... )
These were helpful! Thank you!Here are the theory notes.
if there is anything missing tell me
the formats and everything are coming up by tom.
P.S. sorry for the delay; I had an exam
Guys i need help with one of the past paper.. it is Oct/Nov 2010 paper 22
in question number 1, there is an additional information
the first one it says "Because of an oversight the inventory (stock) on 30 September 2010 was not valued. Robbie marks up all his stock by 25%"
i wanted to know how the closing inventory has been calculated.. im not getting it.. please help
Whoelse is doing varient 1 here?
I think I am
Im so scared for the exam
How do u calculate list price ?!
Can anyone help me wid this :
Bought goods on credit from Ramy El Din, list price $680, subject to a trade discount of 20%
Returned goods, list price $120, to Ramy El Din
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