Accounting error: Accounting errors can be defined as omission of the fundamental accounting principles in the financial statements. To record: To record the effect of error on net income for 2018 and to pass entry to correct for this error.

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Chapter 22, Problem 20Q

To determine

Accounting error: Accounting errors can be defined as omission of the fundamental accounting principles in the financial statements.

To record: To record the effect of error on net income for 2018 and to pass entry to correct for this error.

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