Talk:Error account

GAAP

This page needs to be kept as it relates to accounting aka GAAP. Eyreland (talk) 23:41, 27 March 2009 (UTC)

Error accounts relate to two different realms

• Accounting
• Data Processing aka Transaction processing

There is also a cultural and economic component that has to be considered

• Max Keiser has implicated the use of error accounts in the late 2000s recession, as an important causal factor
• Balance is important, as this account type is accepted under Generally Accepted Accounting Principles

Future editors should flesh out the definition as much as possible. Eyreland (talk) 00:03, 28 March 2009 (UTC)