Podcast Beta
Questions and Answers
Which type of error occurs due to wrong allocation between capital and revenue expenditure?
What type of error is committed by not recording a transaction either in the book of original entry or in the ledger book?
What are errors of duplication primarily caused by?
What is the term for two or more errors which mutually compensate the effects of one another?
Signup and view all the answers
What is the term for errors committed while recording or posting a transaction, such as posting wrong amounts or posting on the wrong side?
Signup and view all the answers
What is the primary objective of auditing?
Signup and view all the answers
According to Prof. L.R. Dicksee, how does he define auditing?
Signup and view all the answers
What are the secondary/Incidental objects of auditing?
Signup and view all the answers
What is the definition of auditing according to International Auditing Guidelines?
Signup and view all the answers
What are the different types of errors in accounting?
Signup and view all the answers