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Answer in One Sentence: What is meant by error of complete omission? - Book Keeping and Accountancy

One Line Answer

Answer in One Sentence:

What is meant by error of complete omission?

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Solution

When a transaction to be recorded in the books of accounts is completely omitted and due to which agreement of trial balance does not affect, it is known as error of complete omission.

Concept: Types of Errors-Errors of Ommission
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 8 Rectification of Errors
Exercise Q.1 | Q 4 | Page 266
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