Examlex
All of the following are examples of a nonsampling error except
Equipment
Tools, machinery, or other apparatus necessary for the manufacture of goods, provision of services, or office operations.
Accrued Expense
An expense that has been incurred but not yet paid for.
Adjusting Entry
A journal entry made at the end of an accounting period to account for unrecorded transactions or to adjust incorrect entries.
Insurance
A contractual agreement that provides financial protection or reimbursement against losses to an individual or entity, in exchange for premiums paid.
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