Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts

Related MCQs

• An error occurs due to negligence in recording the details of transaction, such errors are of clerical nature and are of wrong entries,wrong positioning,additions,transfer,etc.. is called
• The arrangement of duties of staff in such a manner, that the work of one person is automatically checked by another during the course of carrying out, recording and processing a transaction.
• The process of substantiation of assets and liabilities recorded in the books of accounts by physical inspection and examination of legal and official documents to form and expert opinion
• The examination of documentary evidence in support of transactions contained in the books of accounts is referred to as
• An arrangement of accounting routine that errors and frauds are automatically prevented or discovered by the very operation of bookkeeping itself is called
• The process of inspecting a document that supports a recorded transaction in order to verify the authority and authenticity of such a transaction
• “The process of inspecting documents that supports a recorded transaction in order to verify the authority and authenticity of such a transaction” is
• The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as
• Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by
• Which of the following is not one the underlying principles of the corporate governance Combined Code of Practice?