Types of Accounting Errors and How to Prevent Them
An error of omission occurs when a transaction is completely omitted from the books of your company. You may forget to enter an expense transaction or enter the sale of a product or service. These transactions are difficult to detect. Therefore, you need to make sure you have a solid routine for entering these transactions timely.
Original Article Source Credits: The balance , https://www.thebalance.com/
Article Written By: GLENN TYNDALL
Original Article Posted on: July 11, 2020
Link to Original Article: https://www.thebalance.com/difficult-accounting-error-detection-14081