Accounting for IGCSE & O level - Accounting Procedures (Section 11 - No. 33)
What is the correct order to correct an accounting error?
Find the error, prepare the correcting entry, record the original entry.
Find the error, analyze the error, prepare the correcting entry.
Record the original entry, prepare the correcting entry, find the error.
Analyze the error, find the error, prepare the correcting entry.
Explanation
The order is to find the error, analyze the error, and prepare the correcting entry.
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