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In double entry accounting, errors are not a problem because they are self correction, is it true ?

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Question ajoutée par xin xin
Date de publication: 2016/09/25
WAHYU ADHI NUGROHO
par WAHYU ADHI NUGROHO , Project Leader , PT. MULYAINDRA PRIBADI

Yes, it is,,We can do by using the formula VB or macros, or by using the main functions of the IF and VLOOKUP.

Muhammad Waqas
par Muhammad Waqas , Accountant. , AlHussain

In Double Entry System we have Double aspects of every transaction. 

1. Debit

2. Credit.

If any transaction recorded wrong how could Double entry system Rectified it self.

So it's not true.

Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

No, I disagree with you although it will not have any impact on your trial balance but that will adversely or unduly show a wrong picture to the users. 

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