Revision on Errors & suspense
Quiz
•
Education, Other
•
9th - 10th Grade
•
Practice Problem
•
Hard
Fathmath Sadhma
Used 23+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Purchase of machinery was entered in the purchase account. What type of error was this?
A. Commission
B. Principle
C. Omission
D. Transposition
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The purchases account was added up too much by $ 100 and sales account also added up too much by $ 100. What kind of error is this?
A. Commission
B. Principle
C. Omission
D. Compensating
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A cash receipt from Moorthy was debited to Moortyhy’s account and credited to cash account. What kind of error is this?
A. Error of omission
B. Error of commission
C. complete reversal of entries
D. Transposition errors
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A cash purchase of goods was completely omitted from the books of the business. What kind of error is this?
A. Commission
B. Principle
C. Omission
D. Compensating
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Goods sold on credit to Saani had been debited to Soni’s account. What kind of error is this?
A. Commission
B. Principle
C. Omission
D. Transposition.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A sale of goods $ 250 to E.Ellis on credit had been completely omitted from the books.
What is the entry to correct this error?
A. Debit sales account $ 250 and credit E.ellis $ 250
B. Debit E.Ellis $ 250 and credit sales account $ 250
C. Debit cash account $ 250 and credit sales account $ 250
D. Debit bank account $ 250 and credit sales account $ 250
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sale of machinery had been recorded in the sales account. What would be the entry to correct this error?
A. Debit sales account and credit machinery account
B. Debit machinery account and credit sales account
C. Debit cash account and credit machinery account
D. Debit machinery account and credit cash account
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