Ms. Ameena is an Account Assistant of a Limited Liability companies in Oman. The business paid rent expense of OMR 1500. Ms. Ameena was asked to record the transactions. Due to her busy schedule she forgot to record the entire transaction. What type of Error Ms. Ameena has committed? a. Errors of Principle b. Errors of Commission c. Errors of Complete Omission d. Error of Transposition
Ms. Ameena is an Account Assistant of a Limited Liability companies in Oman. The business paid rent expense of OMR 1500. Ms. Ameena was asked to record the transactions. Due to her busy schedule she forgot to record the entire transaction. What type of Error Ms. Ameena has committed? a. Errors of Principle b. Errors of Commission c. Errors of Complete Omission d. Error of Transposition
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 11MCQ
Related questions
Question
Ms. Ameena is an Account Assistant of a Limited Liability companies in Oman. The business paid rent expense of OMR 1500. Ms. Ameena was asked to record the transactions. Due to her busy schedule she forgot to record the entire transaction. What type of Error Ms. Ameena has committed?
a.
Errors of Principle
b.
Errors of Commission
c.
Errors of Complete Omission
d.
Error of Transposition
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning