What is meant by the error of complete omission?

What is meant by the error of complete omission?

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Failure on the part of an accountant to record the business transactions in the books of account is called an error of complete omission. It does not affect the agreement of the trial balance.

4 views Answered 2023-02-05 15:29

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