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Question
A transaction not recorded at all is known as an error of ______.
Options
Principle
Complete omission
Partial omission
Duplication
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Solution
A transaction not recorded at all is known as an error of complete omission.
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RELATED QUESTIONS
Errors not affecting the agreement of trial balance are ______.
Wages paid for installation of machinery wrongly debited to wages account is an error of ______.
What is meant by the error of partial omission?
What is meant by the error of complete omission?
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?
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?
What is the correct method of rectifying two-sided errors once they are discovered?
An error that results from wrong posting, totalling, or balancing in the books is called:
