Errors can occur for which of the following reason(s)?
A) Arithmetic
B) Recording only half an entry
C) Recording two debits and no credits
D) Recording incorrect amounts
E) All of the answers listed

Question

Quizplus · Accepted Answer

All of the reasons listed can lead to errors in accounting. Arithmetic mistakes can occur during calculation, recording only half an entry can create an incomplete transaction, recording two debits and no credits can lead to an unbalanced journal entry, and recording incorrect amounts can result in inaccurate financial statements.

Errors Can Occur for Which of the Following Reason(s)