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Class : 11
Unit : Account


Write in brief two sided error.
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Ans : A two sided error is an error, which affect both debit aspect and credit aspect of a transaction. In other words, a two sided error is that which affects two or more accounts. Some of the examples of two sided errors are as follows: a. Omission to pass an entry in the book of original record b. Errors of principle etc.
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Write the meaning of errors of principle with suitable examples.


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