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Question
Give an example of error of omission.
Give an example of error of omission.
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Solution
An error of omission happens when you neglect to enter an exchange in the books. You might neglect to enter a receipt you’ve paid or the offer of help.
For instance, a business purchases another business laptop, however, neglects to enter the buy in the books of accounts.
An error of omission happens when you neglect to enter an exchange in the books. You might neglect to enter a receipt you’ve paid or the offer of help.
For instance, a business purchases another business laptop, however, neglects to enter the buy in the books of accounts.
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