An error in which the decimal point is misplaced, for example when 317 is written as 3.17 is an example of a:

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Small Business Accounting Review — practice the complete quiz, review flashcards, or try a random question.

Essential Small Business Accounting Tasks
Bookkeeping:
Regularly documenting receipts, invoices, and bank transactions.
Reconciliation: Checking bank statements against accounting records to ensure accuracy.
Tax Compliance: Tracking expenses to calculate and settle tax liabilities, such as VAT or income tax.
 


1. An error in which the decimal point is misplaced, for example when 317 is written as 3.17 is an example of a: