
S s two - book keeping

Quiz
•
Business
•
11th Grade
•
Hard
kehinde Oyeyemi
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The book where the difference in a trial balance is recorded is
The suspense
The journal
The cash book
The trial difference
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The error committed when a transaction us completely ommited from both the credit and debit side is
Error of omission
Error of compensation
Error of original entry
Error of commission
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the amount N5065 was recorded as N6055, this error is called
Error of commission
Error of omission
Error of original entry
Compensating error
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Office furniture N500 recorded as office expenses N500 is regarded as error of
Principle
Original entry
Commission
Omission
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the debit side and credit side are overcast or undercast by the same amount, it is referred to as error of
Compensation
Complete reversal
Principle
Commission
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entries recorded on the debit side of the sales ledger control account ...... the amount of debtors
Increase
Decrease
Remains constant
Diminish
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The entries recorded on the credit on the debtor's ledger control account, ...... the amount of debtors
Increase
Decrease
Has no effect
Doubles
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