Error of original entry
In accounting, error of original entry means the wrong amount entered on both sides of an entry — the source document misread, so debits and credits agree and both are wrong.
Not a rule. Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation, not bookkeeping mechanics. Sources
The lesson that teaches this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- transposition error (one cause of it)
Nearby in the catalog
No component names this concept outright. These sit in the same part of the system.
9Accounting core (GL)
Family specAlso in Core ledger
Defined in Lexicon. This page is generated from that document, so the two can't disagree.