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Error of Omission

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Correction of Errors

MS: Kesilapan Peninggalan · EN: Error of Omission · ZH: 遗漏错误

Meaning

An error of omission occurs when a transaction is completely left out of the books of account. Because both the debit and credit entries are missing, the trial balance still balances, so it is an error not affecting the trial balance. It is corrected by recording the transaction in full through the general journal.

Example

For example, Bintang Enterprise forgot to record a credit purchase of RM600 from a supplier. Correction: Debit Purchases Account RM600, Credit Creditor Account RM600 through the general journal.

Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4

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