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while noting the transactions we may commit mistakes unwillingly.or some times may forget some transactions.so we will get an error in the balance sheet.to balance it we will correct the error.
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What is errors of omission in accounting?
ERROR OF OMISSION is an error which occurs as a result of an action not taken. In accounting, the error occurs when both the entries required for a transaction are completely omitted from the books.
What is error of compensation in accounting?
Error of compensation means the entries are correctly made but the figures are wrongly posted.
Advantages and disadvantages of using manual accounting system accounting?
An advantage to using manual accounting systems is that there is a written record of transactions. A disadvantage to manual accounting is the risk of fire destroying records or a risk of human error.
Classification of Errors as per Accounting?
error of omissionerror of principleerror of compensatingerror of commission
Computerized accounting system?
Computerized Accounting System or CAS pertains to an integrated system that creates automated book of accounts and computerized accounting records and documents. Compared to manual accounting, CAS saves more time and is not prone to human error.
What is the difference between Error detection and error correction?
In error detection we detect the error.but in error correction we can detect as well as coreect the error both.in error detection we use parity multiplication system i.e even and odd parity.and in error correction we use hamming code as a example.
What is zero correction?
the correction which is made to get correct measurement after zero error
What is the simplest form of error correction?
crc
Why is error-correction code limited mostly to correcting errors one to three bits in length?
Error-correcting code for long burst errors is so complex that it is a inefficient means of error correction...
Correction of auction Error on Howrse?
Everyone was compensated for their losses due to the auction error
What is errors of omission in accounting?
ERROR OF OMISSION is an error which occurs as a result of an action not taken. In accounting, the error occurs when both the entries required for a transaction are completely omitted from the books.
What can x 25 do that frame relay cannot do?
provide error correction
What is a backpropagation?
A backpropagation is an error correction technique used in neural networks.
What is the important of computerized accounting to manual?
Computerized accounting is quicker and easier than manual accounting and less subject to unintentional error.
Which are the characteristics of statistical time division multiplexing?
error correction data compression
What is error of compensation in accounting?
Error of compensation means the entries are correctly made but the figures are wrongly posted.
What is corrigendum?
An error in a printed work discovered after printing and shown with its correction on a separate sheet
