Unintentional omission or commission of amounts and accounts in the process of recording transactions are known as:

Frauds

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Misinterpretation

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Errors

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None

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Solution

The correct option is C
Errors

Unintentional omission or commission of amounts and accounts in the process of recording transactions are known as Errors.

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Similar questions

In case of fixed capital accounts, transactions such as drawings, commission are recorded in a separate account called:

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