[Solved] Errors of omission are

Errors of omission are

a) Technical errors

b) Error of principle

c) Compensating errors

d) None of the above

Answer: (a) Errors of omission are technical errors. These errors arise as a result of some act of omission on the part of the person responsible for the maintenance of books of account. It refers to the omission of a transaction at the time of recording in subsidiary books or posting to ledger. Omission may be complete or partial.

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