1. Identify 3 types of errors that could occur with your bookkeeping:

E.G: transposed numbers rent incorrectly entered

2. In relation to the above errors identified, outline how each of those errors could be detected. E.G: inconsistent information in the cash payments book (rent amount different to previous months) may be noticed when viewing the Cash Payments Book or identified when undertaking a monthly bank reconciliation.
3. Outline how you would resolve each of the errors identified above, and if required, who you would refer the errors to? E.G: correct the rent amount error in the Cash Payments Book, and recalculate totals. No need for referral to others.
4. How long must you keep taxation records for? ___Years