Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

Erroneous real arrangement of financial figure such as writing N624 as N264 is called?

  • A.
    ommission
  • B.
    commission
  • C.
    transposition
  • D.
    principle
Correct Answer: Option C
Explanation

A transposition error is a simple error of data entry that occurs when two digits that are either individual or part of a larger sequence of numbers are accidentally reversed (transposed) when posting a transaction. Although this type of error is often small and unintentional, it can result in huge financial losses in some instances. A transposition error is simply substituting two sequential digits. For example, the number 78 for 87 or 1346 for 1436.

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