answersLogoWhite

0


Best Answer

We noted that some of the fixed asset accounted for tools-water expenses accounts. details are given below.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Effects of accounting errors in financial accounting?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is Financial accounting data?

what is financial accounting?


The output of financial accounting is?

The output of the financial accounting is preparation of financial statements.


Is Management accounting starts where financial accounting ends?

Management accounting starts where financial accounting ends


Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?

Define 'Accounting' Distinguish between Financial Accounting and Management Accounting


Compare and contrast between cost accounting and financial accounting?

compare and contrast cost accounting and financial accounting


What is the Basic Elements of Financial Accounting?

The three basic elements of a financial accounting system include:1. Rules for determining what, when, and the amount that should be recorded2. A framework for preparing financial statements3. Controls to determine whether errors may have arisen in the recording process


Differentiate cost accounting system from financial accounting system?

Q.5 Differentiate Financial Accounting and Management accounting


What are the different fields of accountung?

1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting


What has the author Fred Phillips written?

Fred Phillips has written: 'Fundamentals of financial accounting' -- subject(s): Accounting 'Fundamentals of financial accounting' -- subject(s): Accounting 'Fundamentals of financial accounting' -- subject(s): Accounting


What are some topics for an accounting project?

Some topics for an accounting project include the evaluation of internal control system, and the impact of different methods of depreciation. The effects of financial accounting reporting on business management can also be an accounting project topic.


How does cost accounting relates to management accounting and financial accounting?

cost accounting provides the basic information for both management and financial accounting.The similarities between government accounting and financial accounting is that both involves the balance of accounts.


What has the author Gary A Porter written?

Gary A. Porter has written: 'Using financial accounting information' -- subject(s): Accounting 'Using financial accounting information' -- subject(s): Accounting 'Financial accounting' -- subject(s): Accounting