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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 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.
Which type of error affects only one side (debit or credit) of a single account and usually causes a difference in the trial balance?
Which kind of error happens when both a debit and an equivalent credit mistake occur, effectively cancelling each other out?
When a transaction is recorded in one book but not posted to the related account, which type of error does this represent?
Why is a suspense account used in correcting accounting errors?
What is the correct method of rectifying two-sided errors once they are discovered?
