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Question
Select the most appropriate alternative from those given below and rewrite the sentence:
If transaction is totally omitted from the Books, it is called ______
Options
Error of recording
Error of omission
Error of principle
Error of commission
MCQ
Solution
If transaction is totally omitted from the Books, it is called Error of omission.
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Types of Errors-Errors of Ommission
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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.
