Question

What is an omission error?

Answer 1

An accounting error is a non-fraudulent discrepancy in financial documentation. The term is used in financial reporting. Types of accounting errors include: Error ofomission -- a transaction that is not recorded. Error of commission -- a transaction that is calculated incorrectly.

Answer 2

Answer:

The error committed by not recording a transaction either in the book of original entry or in the larger book are errors commission.such an omission may be either complete or partial