
CORRECTION OF ERROR PART. 2
Authored by norsiahsemuni norsiahsemuni
World Languages, Social Studies, Business
12th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Cash purchases of $900 recorded as $990. To correct:
DR inventory 90 CR cash in hand 90
DR cash in hand 90 CR inventory 90
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Credit purchases of $990 recorded as $900. To correct:
DR tp CR inventory
DR inventory CR tp
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
General expenses paid of $90 recorded as drawings. To correct:
DR drawings CR general expense
DR general expense CR drawings
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Owner cash contribution not recorded at all. To correct:
DR cash in hand CR capital
DR capital CR cash in hand
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Payment to TP:Ali recorded in Aliee account. To correct:
DR tp ali CR tp aliee
DR tp aliee CR tp ali
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
sales revenue OVERstated =
profit OVERstated
profit UNDERstated
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
General expenses OVERstated =
profit OVERstated
profit UNDERstated
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