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Accounting Errors refer to the common mistakes made while recording or posting accounting entries.
There are several different types of errors in accounting. Accounting errors are usually unintentional mistakes made when recording journal entries.
Small accounting errors may not affect the final numbers in financial statements. Or they might cause major distortions in the overall figures.
These types of errors require lots of time and resources to find and correct them. Since accounting errors can disrupt your business, every business should know the most common types of accounting errors so it’s easier to locate and correct them.
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