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Errors can occur for which of the following reasons? I. Mistakes in applying accounting policies II. Misinterpretation of facts III. Mathematical mistakes IV. Fraud 1.

Errors can occur for which of the following reasons?

I. Mistakes in applying accounting policies

II. Misinterpretation of facts

III. Mathematical mistakes

IV. Fraud

1. I and III only.

2. I, II, III and IV.

3,I, II and III only.

4.II, III and IV only.

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