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it occurs when you debit what you should have orignally credited and credit what you should have orignally debited ..... by doubling the amount in order to receive the correct balance in your tial balance

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13y ago
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4y ago

What is error of complete reversal

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Q: What is error of complete reversal of entry?
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Errors that are not disclosed by trial balance?

compensating errors error of omission error of commission error of principles complete reversal of entries error of original entry


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According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period


What is the journal entry of Reversal of provisions of bad debt?

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Name two type of error which do not affect the agreement of a trial balance?

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How do you treat error of complete reversal of entry?

ok now lets see mr smith was our debtor and he paid us cash of 100 $ and now as you know debtors are an asset so when they owe you money they are debited but when they pay up you credited them ... you debited mr smiths account and credited your sales now to correct this entry you will have to double up the amont from 100 $ to 200$ and you will now correct it by crediting mr smiths account by 200 and debiting your sales by 200 so know you will have a balance of 100 as now the entries have been balanced .


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it is a intrest which is calculated for the period starting from closing of accounting period to the date of maturity of the bill of exchange issued during accounting period. it is reversal entry


What developments have brought about the complete reversal of hale attitude toward the witchcraft trials?

lalala