Cash sales of $2079 have caused the worksheet to be out of balance because a mistake was
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Cash sales of $2079 have caused the worksheet to be out of balance because a mistake was made when the figures were put into the worksheet. The bookkeeper accidentally increased the cash account by $2097 and increased the profit or loss account in the worksheet by $2079. This is often referred to as a ‘transposition error’. Discuss how this type of error can be quickly identified and corrected.
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
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