Financial services and Transposition error: Difference between pages

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imported>Doug Williamson
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(FS).
1.
A simple error of data entry when two digits in a number are reversed (transposed).


1.
When two adjacent digits are transposed the error will always be divisible by 9.


Banking, building societies, credit unions, insurance, investment, pensions and closely related services.
For example:
If 3,460 should be 3,640
the difference is 180 (3,640-3,460=180)
180/9 = 20.




2.
2.
 
Similar errors with non-numerical data.
More broadly, all services which are not part of the 'real economy'.
For example ABC entered wrongly as ACB.




== See also ==
== See also ==
* [[Bank]]
* [[Double counting]]
* [[Building society]]
* [[Credit union]]
* [[Financial]]
* [[Financial institution]]
* [[Financial Services Agency]]
* [[FIRE economy]]
* [[Insurance]]
* [[Investment]]
* [[Non-financial corporate]]
* [[Pension]]
* [[Real economy]]
 
[[Category:The_business_context]]

Revision as of 13:07, 14 August 2013

1. A simple error of data entry when two digits in a number are reversed (transposed).

When two adjacent digits are transposed the error will always be divisible by 9.

For example: If 3,460 should be 3,640 the difference is 180 (3,640-3,460=180) 180/9 = 20.


2. Similar errors with non-numerical data. For example ABC entered wrongly as ACB.


See also