4
Question
Non-recording of any transaction in primary books is an example of error of ________.
Non-recording of any transaction in primary books is an example of error of ________.
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Solution
The correct option is B Omission
The errors of omission may be committed at the time of recording the transaction in the books of original entry or while posting to the ledger. There can be two types:(i) error of complete omission(ii) error of partial omissionWhen a transaction is completely omitted from recording in the books of original record, it is an error of complete omission. For example, credit sales to Mohan Rs. 10,000, not entered in the sales book. When the recording of transaction is partly omitted from the books, it is an error of partial omission. In the above example, credit sales had been duly recorded in the sales book but the posting from sales book to Mohan's account has not been made, it would be an error of partial omission.
The errors of omission may be committed at the time of recording the transaction in the books of original entry or while posting to the ledger. There can be two types:
(i) error of complete omission
(ii) error of partial omission
When a transaction is completely omitted from recording in the books of original record, it is an error of complete omission. For example, credit sales to Mohan Rs. 10,000, not entered in the sales book. When the recording of transaction is partly omitted from the books, it is an error of partial omission. In the above example, credit sales had been duly recorded in the sales book but the posting from sales book to Mohan's account has not been made, it would be an error of partial omission.
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