O-LevelAccountingVerification of accounting records7707/12 · May/June 2024 · Q71 Mark

A book-keeper made two errors which cancelled each other out. Which type of error did he make?

Acompensating

Bcomplete reversal

Coriginal entry

Dprinciple

✓ Correct answer

A: compensating

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2024 Paper 1 Variant 2, question 7.

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