Accounting Errors Vocabulary
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Flashcards for vocabulary review based on lecture notes.
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7 Terms
1
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Omission
Missing entry.
2
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Commission
Wrong person or name is recorded.
3
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Principle
Wrong type of account used.
4
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Original Entry Error
Wrong amount is recorded.
5
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Compensating error
Over or under amount.
6
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Good girl
wut
7
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Complete Reversal Error
Debit and credit are reversed.
Note 
Flashcards (149)