Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 25 - No. 35)
An invoice of $1,300 for goods sold was not recorded in the accounting records. What type of error occurred?
Error of omission.
Error of principle.
Error of original entry.
Error of complete reversal.
Explanation
An error of omission occurs when a transaction is completely omitted from the accounting records.
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