In double-entry accounting, errors are not a problem because they are self-correcting. Do you agree? Explain.

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“In double-entry accounting, errors are not a problem because they are self-correcting.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 08:34 AM

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In double-entry accounting, errors are not a problem because they are self-correcting. Do you agree? Explain.

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No Most errors are not selfcorrecting Some such as recording prepa...View the full answer

Introduction to Financial Accounting

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