PRC-1 · Chapter 8 · Question 76 of 100
Goods purchased from a supplier worth Rs. 200,000 where no entry was made in the purchases book is an example of an:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Error of omission
Explanation
When a transaction is entirely left out of the accounting records, it is known as an error of omission.
More Correction of Errors MCQs
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