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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
A transaction not recorded at all is known as an error of ______.
Wages paid for installation of machinery wrongly debited to wages account is an error of ______.
What is meant by the error of principle?
What is meant by the error of partial omission?
What is the main impact of two-sided errors, such as errors of principle or compensating errors, on the trial balance?
Which kind of error happens when both a debit and an equivalent credit mistake occur, effectively cancelling each other out?
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?
Why is a suspense account used in correcting accounting errors?
Which statement best summarizes the key differences between one-sided and two-sided accounting errors?
