Many business enterprises have shifted from manual accounting to ________________ accounting.

(a)

Journal

(b)

Ledger

(c)

Computerised

(d)

None of these

The failure of the accountant to record a transaction in the books of accounts is known as ________________

(a)

error of omission

(b)

error of complete omission

(c)

error of partial omission

(d)

errors of principle

When the accountant has failed to record a transaction partially, it is known as ________________

(a)

error of principle

(b)

error of partial omission

(c)

error of omission

(d)

error of commission

_______________ usually occurs due to lack of concentration or carelessness of the accountant.

(a)

Error of omission

(b)

Error of principle

(c)

Error of commission

(d)

None of the above

The errors that make up for each other or neutralise each other are known as _______________

(a)

Compensating Errors

(b)

Rectifying Errors

(c)

Both

(d)

None of these