Identify the Errors in the given below statement and identify the problem why it occur?...
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Accounting
Identify the Errors in the given below statement and identify the problem why it occur? a) Goods purchased from Mr. X, recorded in purchase book but no entry made in Mr. Xs account. b) There are circumstances when the effect of one transaction is neutralized by another error. When the effect of errors committed cancel out such errors are compensating errors. c) Debit the account that has been erroneously credited. Credit the account that should have been credited. d) A credit sale of goods for $78200 to Miss Sadia was debited to Miss Sana account.
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