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Erroneous real arrangement of financial figure such as writing N624 as N264 is c...


CommerceJAMB UTME 2018

Question

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

Options

A)
ommission
B)
commission
C)
transposition
D)
principle

The correct answer is C.

Explanation:

This Commerce question is asking about what it is called when a financial figure, such as writing N624 as N264, is arranged incorrectly. The question is asking for the term used to describe this incorrect arrangement.

The options given for the answer are: omission, commission, transposition, and principle. Out of these options, the correct answer is transposition. This is when the digits in a number are rearranged incorrectly, such as in the example given in the question.

It is important to be careful when working with financial figures, as transposition errors can cause confusion and lead to incorrect calculations. It is always a good idea to double-check figures to ensure that they have been written down correctly.

To learn more about this, please read the relevant sections of the recommended textbooks.

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