_________ arise as a result of some act of omission on the part of the person responsible for the maintenance of books of account.

Errors of commission

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Errors of omission

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Compensating errors

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Errors of principle

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Solution

The correct option is A Errors of omission
When a particular accounting transaction is omitted to be recorded in the books of account, this is an error of omission. This kind of error are clerical error and happened due to negligence of the person responsible for accounting. Error of omission may be due to partial omission and complete error.

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Similar questions

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List-I	List-II
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