ERROR OF COMISSION Definition

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ERROR OF COMISSION is an error that occurs as a result of an action taken. In accounting, the error occurs when one or both of the double entries are made in the correct class of account but the wrong account within that class.

Learn new Accounting Terms

QUETZAL (QUETZALES) is a currency of Guatemala.

PRIOR PERIOD refers to accounting periods that have occurred in the past. See also ACCOUNTING PERIOD.

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