S s two - book keeping

S s two - book keeping

11th Grade

20 Qs

quiz-placeholder

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S s two - book keeping

S s two - book keeping

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

Created by

kehinde Oyeyemi

Used 1+ times

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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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