Rectification of Errors — Accountancy STD 11 — Question
Tamilnadu BoardEnglish MediumSTD 11AccountancyRectification of Errors2 Marks
Question
What is error of omission?
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Answer
The failure of the accountant to record a transaction or an item in the books of accounts is known as an error of omission. It can be complete omission or partial omission.
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