Question

Error of omission arises when ___________.

• A. any transaction is left to be recorded
• B. any transaction is recorded in a fundamentally incorrect manner
• C. any transaction is incorrectly recorded, either wholly or partially
• D. none of the above takes place

Answer 1

The correct option is A any transaction is left to be recorded

Error of omission means when something is omitted to be recorded either wholly or partially and affects the Trial Balance.

When a particular transaction is completely not recorded it is known as complete omission whereas a situation where a transaction is partially recorded it is known as partial omission as the complete transaction is not recorded in books.