A

Admin • 833.24K Points
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Q. Which type of error occurs when a transaction is completely omitted?

  • (A) Error of Principle
  • (B) Error of Omission
  • (C) Compensating Error
  • (D) Error of Commission
  • Correct Answer - Option(B)
  • Views: 24
  • Filed under category Accounting
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Explanation by: Admin

When a transaction is not recorded at all, it is called an Error of Omission.

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