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प्रश्न
What is meant by the error of complete omission?
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उत्तर
It means the failure to record a transaction in the journal or subsidiary book or failure to post both the aspects in the ledger. This error affects two or more accounts.
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संबंधित प्रश्न
Errors not affecting the agreement of trial balance are ______.
What is meant by the error of partial omission?
What are compensating errors?
Write a note on the error of principle by giving an example.
State the account/s affected in the following error:
The total of purchases book ₹ 4,500 was posted twice.
What is the main impact of two-sided errors, such as errors of principle or compensating errors, on the trial balance?
When a transaction is recorded in one book but not posted to the related account, which type of error does this represent?
Breaking accounting rules and misclassifying accounts is known as which type of error?
An error that results from wrong posting, totalling, or balancing in the books is called:
Which statement best summarizes the key differences between one-sided and two-sided accounting errors?
