COMPENSATING ERROR Definition

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COMPENSATING ERROR is the name given to the situation where one mistake cancels out the effect of a second mistake.

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REMUNERATION is the act of paying for goods or services or to recompense for losses (Example: Receiving remuneration for work, i.e., a paycheck).

AUTHORIZE / AUTHORIZATION is to give permission for. For example, a manager authorizes a transaction by signing a voucher authorizing the disbursement.

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