Question

Goods costing Rs. 35000 destroyed by fire were no recorded. This _________________.

• A. will affect the agreement of trial balance
• B. will not affect the agreement of trial balance
• C. may or may not affect
• D. None of these

Answer 1

Answer: (B)

will not affect the agreement of trial balance

When an entry is not recorded in the books account, it is known as an error of omission.

When the recording of an entry is omitted, the debit and credit both are not recorded, and hence, the trial balance tallies.