ERROR OF ORIGINAL ENTRY Definition

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ERROR OF ORIGINAL ENTRY, in accounting, occurs when the double entry is made but using an incorrect figure.

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INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS), often known by the older name of International Accounting Standards (IAS), are a set of accounting standards. They are issued by the International Accounting Standards Board (IASB).

DATE DRAFT is a payment option draft that matures in a specified number of days after the date issued.

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