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What is meant by compensatory error

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What is meant by compensatory error

    • Posted by Prashant Singh 6 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Pulkit Singh 6 years, 10 months ago

    Compensatory errors are 2 errors which cancel each other. For eg you have given excess debit to one account and excess credit to another. These 2 errors will cancel each other out. Compensating errors don't effect trial balance

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