
Types of Accounting Errors
Flashcard
•
Other
•
10th Grade
•
Hard
Thousi Banu
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3 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Which of the following is an error of omission?
Back
B) Rent expense was not recorded at all.
2.
FLASHCARD QUESTION
Front
What type of error occurs when an amount is recorded incorrectly in the books?
Back
C) Error of commission
3.
FLASHCARD QUESTION
Front
If an expense is recorded as an asset, which type of error is this?
Back
B) Error of principle
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