During an audit of financial transactions in an enterprise XYZ, it was found that simple errors of data entry were occurring when two digit that were either individual or part of larger sequence of number were reversed when posting a transaction. Which type of error is this?
A. Addition Error
B. Truncation Error
C. Substitution Error
D. Transposition Error
Answer:D
During an audit of financial transactions in an enterprise XYZ, it was found that simple errors of data entry were occurring when two digit that were either individual or part of larger sequence of number were reversed when posting a transaction. Which type of error is this?
A. Addition Error B. Truncation Error C. Substitution Error D. Transposition Error