as an accountant list of the measures to identify and rectify the errors while recording accounting information
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as an accountant list of the measures to identify and rectify the errors while recording accounting information
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Answer:
Unadjusted trial balance: Checks if debits are equal to credits
Balance the ledger accounts: Compares the current trial balance with the previous year's trial balance
Adjusting journal entries: Made at the end of a period to correct errors on the worksheet
Use accounting software: Includes features that reduce errors, such as blocking lopsided transactions
Explanation:
Types of errors include:
Errors of principle
Errors of omission
Errors of commission
as an accountant list of the measure to identity and rectify the errors while recording accounting information