Question

Goods were purchased from John for $2,000 with no entry made in the purchases book. This is an example of: * 1 point Error of Principle Error of Posting Error of Omission Compensating Error​

Answer 1

Goods were purchased from John for $2,000 with no entry made in the purchases book. This is an example of: * 1 point Error of Principle Error of Posting Error of Omission Compensating Error

Answer 2

Answer:

Concept:

There are four types of errors-

• Error of Principle
• Error of Posting
• Error of Omission
• Compensating Error

solution:

The entry of purchase of goods not recorded is error of omission.