Outrageously Funny Word Dictionary :: Pratfall

👉 Pratfall is a German word that means "trick" or "mischief." It is often used in the context of theater, comedy, and other forms of performance to describe an unexpected event that causes chaos. Pratfalls can range from simple misunderstandings to more serious incidents that disrupt the flow of the play or show.

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👉 Pratfall is a term used in accounting and finance to refer to an error or mistake made by a company. It refers specifically to errors that occur during the preparation of financial statements, such as misstating revenue or expenses, overestimating assets, or understating liabilities. Pratfalls are usually considered to be errors that can have serious consequences for the financial health and reputation of a company.

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