Question
Which of the following errors occurs when a transaction
is recorded in the wrong account but within the correct class of accounts?Solution
Sol. Errors of commission occur when an entry is made in the wrong account, but within the correct class of accounts. For example, posting a payment to an expense account instead of a specific expense sub-account.
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There are (m + 4) red roses, (m + 11) white roses and ‘m’ pink roses in a bag. If the probability of picking a pink rose is 5/16, then find the valu...
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