Accounting Errors

  • Creator
    Topic
  • March 3, 2011 at 6:43 pm #159832
    Hopeful30
    Participant

    Would a balance sheet reclassification be considered an accounting error. For example, if something was classified as an intangible asset and should have been classified as a fixed asset. It will change the useful by reclassing it to a fixed asset but would this be considered an error?

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