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Question
Give one word/term or phrase for the following statement:
Error which arises when a transaction is partially or completely omitted to be recorded in the books of accounts.
One Word/Term Answer
Solution
Error which arises when a transaction is partially or completely omitted to be recorded in the books of accounts. - Error of omissions
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Types of Errors-Errors of Ommission
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Select the most appropriate alternative from those given below and rewrite the sentence:
If transaction is totally omitted from the Books, it is called ______
