When a transaction is completely left out from the books, it is an error of

Assessment: WAEC SSCE - Financial Accounting - 2011 (Objective) Subject: Financial Accounting

Question 1 Report

When a transaction is completely left out from the books, it is an error of
Answer Details
When a transaction is completely left out from the books, it is an error of omission. An error of omission occurs when a transaction is not recorded in the accounting records. This can happen due to oversight or mistake, and can result in inaccurate financial statements. It is important to carefully review all transactions and ensure they are properly recorded to avoid errors of omission.

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