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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 principle?
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.
If a transaction is completely missed in all books of accounts, which type of error is it?
Breaking accounting rules and misclassifying accounts is known as which type of error?
What is the correct method of rectifying two-sided errors once they are discovered?
Which statement best summarizes the key differences between one-sided and two-sided accounting errors?
