errors of omission means
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" Errors of omission "
The Transactions which are not recorded or forget to be recorded in the books are known as Errors of Omission.
For example:-
1. Goods worth Rs. 5,000 returned by a customer was not recorded in the books.
Return Inward A/c. Dr. 5,000
To Customers A/c. 5,000
(Being goods returned was not passed in the books, now recorded.)
2. Goods worth Rs. 3,000 sold to Anil was not recorded in the books.
Customers A/c. Dr. 3,000
To Sales A/c. 3,000
(Being goods sold was not passed in the books , now recorded.)
Hopes this helps you!
The Transactions which are not recorded or forget to be recorded in the books are known as Errors of Omission.
For example:-
1. Goods worth Rs. 5,000 returned by a customer was not recorded in the books.
Return Inward A/c. Dr. 5,000
To Customers A/c. 5,000
(Being goods returned was not passed in the books, now recorded.)
2. Goods worth Rs. 3,000 sold to Anil was not recorded in the books.
Customers A/c. Dr. 3,000
To Sales A/c. 3,000
(Being goods sold was not passed in the books , now recorded.)
Hopes this helps you!
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