Business Studies, asked by monu941, 1 year ago

goods taken away buy the proprietor for personal use not recorded anywhere is an error of? option is 1 principal 2 commission 3 omission 4 compensation

Answers

Answered by 27jenny
12
hyyy mate....
thanks for the question...
ur ans is option 2. ommision...
hope it helps u

monu941: in cash bill of exchange the drawer is the ? option is 1 payee 2 endorsee 3 debtor 4 creditor
Answered by Anonymous
0

It is an error of omission.

  • It is an error that consists of failing to accomplish something that should have been done.
  • It is also the failure to include a fact that should have been included, such as an amount or specific information.
  • It occurs in accounting when a transaction, such as a paid invoice or a service sale, is forgotten in the books.
  • A copywriter, for example, may acquire a new work laptop but fail to record the transaction in the books.
  • Since, in the sentence, the proprietor didn't record the goods, thus its error of omission.
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