Search Header Logo

Six Type Errors of Accounting

Authored by Maria malau

Special Education

11th Grade

Used 4+ times

Six Type Errors of Accounting
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a transaction was recorded in a wrong class of account but still in the correct side, the error is known as?

Error of Principle

Error of Omission

Error of Comission

Error of Complete Reversal

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A credit sale of RM10,000 to Lynda was credited to sales account but wrongly debited in Linda's account (a receivable). This is a/an _____________

Error of Omission

Error of Comission

Error of Principle

Compensating Error

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A receivable account is overstated by RM1,200 and a payable account is also overstated by RM1,200. This is called a/an?

Error of Complete Reversal

Error of Original Entry

Error of Comission

Compensating Error

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Payment for repairs of motor vehicle by cash RM800 was correctly recorded in the cash account but incorrectly recorded in the motor vehicle account. Identify the error:

Error of Complete Reversal

Error of Original Entry

Error of Comission

Error of Principle

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The drawings of goods amounted to RM900 had been recorded as RM960 in the general journal.

The name of this error is __________________

Error of Original Entry

Error of Complete Reversal

Compensating Error

Error of Omission

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

"Paid cash RM850 for repair to motor van had been debited to motor van account".

Which of the following is the correcting entry for this error?

Dr. Repair to motor van

Cr. Cash

Dr. Van

Cr. Repair to motor van

Dr. Cash

Cr. Repair to motor van

Dr. Repair to motor van

Cr. Van

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchased of goods from Syarikat Ummah Trading RM2,800 was credited in the Purchase account and debited in the Cash.

The journal entry for the correction of this error is _____________

Dr. Purchases 2,800

Cr. Cash 2,800

Dr. Cash 2,800

Cr. Purchases 2,800

Dr. Purchases 5,600

Cr. Cash 5,600

Dr. Cash 5,600

Cr. Purchases 5,600

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?