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What else can I help you with?
What is error of original entry?
You enter the wrong amount You confuse debit and credit You debit or credit wrong account?
Conditions that prevent the entry of new firms in a monopoly market are?
Barriers to entry.
Can I file an amended tax return for 2015?
Yes, you can file an amended tax return for the year 2015 if you need to correct any errors or make changes to your original return.
How do you record a journal entry in QuickBooks?
To record a journal entry in QuickBooks, go to the Company menu, select Make General Journal Entries, enter the date and journal entry number, choose the accounts to debit and credit, input the amounts, and save the entry.
Can you request a debt collector to remove an entry from your credit report?
Yes, you can request a debt collector to remove an entry from your credit report, but they are not obligated to do so. You can try negotiating with them or disputing the entry with the credit bureaus.
Errors that are not disclosed by trial balance?
compensating errors error of omission error of commission error of principles complete reversal of entries error of original entry
Why is ledger called a book of final entry?
Because it is prepared from the journal which is the book of "original entry".
What is book of original entry?
"Journal" is called as book of original entry because at the occurance of any business transaction, entry is first of all recorded in journal.
What are the Errors that effect a trial balance?
Errors of Omission Errors of Commission Reversal of Entries Errors of Principle Errors of Original Entry Compensating Error these errors can be fount by a trial balance Wrong Casting Posting to the Wrong Side Posting Wrong Amounts Double Posting in a Single Account Errors of Totalling and Balancing of Accounts in the Ledger
Which recording errors will not be revealed by a trial balance?
A trial balance will not reveal errors such as single-sided entries, where a debit or credit is recorded without the corresponding entry. It also won't detect errors of omission, where a transaction is completely left out of the accounts, or errors in original entry, where the correct amount is recorded but in the wrong account. Additionally, it cannot identify compensating errors, where two mistakes offset each other, resulting in balanced totals.
What is another term for the book of original entry?
prime entry** good luck
How do you enter a dishonoured cheque in tally?
Reverse Entry to be passed for the original Entry
Which are the post balance sheet errors?
ommision errors,and post wrong entry
What transactions are initially recorded in?
Money!
In bookkeeping, what is the record of original entry?
The General Journal
What is the 5 types of errors that do not affect the balancing of trial balance?
1 error of omission 2 error of compensation 3 error of original entry 4 error of principle 5 error of commission
Is a petty cash voucher a book of original entry?
yes
