Errors not affecting Trial Balance
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Errors not affecting Trial Balance
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Medium
Carissa Ramnarine
Used 31+ times
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15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
A payment by T. Thomas was credited to the account of J. Thomas. What type of error would be the classified as ?
Commission
Omission
Principle
Complete reversal
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
The purchase of a motor van was not recorded in the company's books. What type of error would be the classified as ?
Commission
Omission
Principle
Complete reversal
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
B. Haze paid the business $5050 for goods bought on credit. In error it was recorded as $50. What type of error would be the classified as ?
Commission
Omission
Original entry
Principle
4.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Stationery purchased was accidentally recorded to the office equipment account. What type of error would be the classified as ?
Omission
Principle
Original entry
Complete reversal
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
A bank charge was not recorded in the company's books. What type of error would be the classified as ?
Original entry
Commission
Omission
Principle
6.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
A payment made by U. Rogers was debited to his account. What type of error would be the classified as ?
Commission
Principle
Original entry
Complete reversal
7.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Both bank and Sales were noticed to be overstated by $500. What type of error would be the classified as ?
Omission
Complete reversal
Compensating
Original entry
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