Which Technique Is Used to Detect the Errors in Transposition?
Bank Reconciliations Help You Identify Transposition Errors Before They Cause Further Problems for Your Business. a Bank Reconciliation Compares Your...
Bank reconciliations help you identify transposition errors before they cause further problems for your business. A bank reconciliation compares your accounting records to your bank statement. During the process, match every transaction to source documents, such as receipts and invoices.
How do you detect a transposition error?
If the error is due to transposition, the number will divide evenly by 9. For example, in your year-end review of the trial balance, you discover that there is a difference of $900 between your debits and credits. Since this number is evenly divisible by 9 (there is no remainder), it is a transposition error.
Which of the following which technique is used to detect the errors in transposition?
11. Reason: Transposition errors occurs due to interchanging of digits which is detected by check digit technique.