Errors not affecting Trial Balance

Errors not affecting Trial Balance

10th Grade

15 Qs

quiz-placeholder

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Errors not affecting Trial Balance

Errors not affecting Trial Balance

Assessment

Quiz

Business

10th Grade

Medium

Created by

Carissa Ramnarine

Used 30+ times

FREE Resource

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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