- March 8, 2018 at 2:30 am
When I’m reading the BPP book it has 6 types of errors, while opentuition notes have 4. Also when I’m going through the examples, both books do not agree with their examples. Is there anyone else who has similar issue? Bpp book says something else about principle error, opentuition book says something else. same with other errors.March 9, 2018 at 6:40 pm
A simple solution to this and many other differences that you’ll surely find in future would be to choose one of the resources. Either use BPP Study Text or Opentuition Notes. Since there are so many differences in these 2, you will keep getting confused.
But, whichever option you choose, you MUST buy a revision kit from BPP or Kaplan. Thats the most important thing for preparation.August 6, 2018 at 12:23 pm
At all we Have 5 kinds of errors in BPP
Short Formula is (CPCTO)October 17, 2019 at 7:24 pm
Can anyone explain those errors in shortOctober 18, 2019 at 11:34 am
Compensating: by accident two errors cancel so that the trial balance still balances. Eg
Buying some printer ink:
Dr Stationery 100 Cr Cash 80
Make a cash sale
Dr Cash 115 Cr Sales 135
Sum of Drs and Crs are equal: 215
Recording and expense as the acquisition of a non-current asset.
Post eg the same invoice twice
Not posting the invoice at all
Really, just a type of error by commission Dr 235, Cr 253
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