Rectification of Errors — Book Keeping & Accountancy STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyRectification of Errors1 Mark
Question
What is meant by the error of complete omission?
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Answer
Failure on the part of an accountant to record the business transactions in the books of account is called an error of complete omission. It does not affect the agreement of the trial balance.
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