Principles of Accounting: Correcting Errors
ZIMSEC O Level Principles of Accounts Notes: Correcting Errors
- Errors are not uncommon in accounting processes
- Often these errors are discovered and revealed at a later date than on the date they were made
- Errors should not be corrected by tearing/cancelling out the wrong number or similar methods
- Instead they are corrected by making Journal entries
- Examination and […]