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A newly hired accountant made the following error. IDENTIFY the type of error made and provide the necessary correcting entry for the following transaction. Aug.

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A newly hired accountant made the following error. IDENTIFY the type of error made and provide the necessary correcting entry for the following transaction. Aug. 10 Payment on account to a vendor OMR 2,350 was incorrectly recorded as OMR 2,530, Type of error Correcting entry

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