This quiz works best with JavaScript enabled. Home > English Grammar > Grammar > Editing And Proofreading > Correction Of Errors – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Correction Of Errors Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Transaction entered in wrong account but same class A) Error of omission. B) Error of principle. C) Error of original entry. D) Error of commission. Show Answer Correct Answer: D) Error of commission. 2. The suspense account is used when: A) Errors are already corrected. B) Preparing financial statements. C) Trial balance totals do not agree. D) Trial balance totals agree. Show Answer Correct Answer: C) Trial balance totals do not agree. 3. Drawings of goods by Nick for personal use, RM 200 had not been recorded in the books. A) Error Of Commission. B) Error Of Omission. C) All the above. D) None of the above. Show Answer Correct Answer: B) Error Of Omission. 4. Both discount allowed and discounts received were overcast by $ 57 A) Omission. B) Reversal. C) Principle. D) Compensating. Show Answer Correct Answer: D) Compensating. 5. Which of the following statement is incorrect A) Double sided errors can be rectified with suspense account or without suspense account. B) A trial balance is the proof of arithmetical accuracy of accounts. C) Errors of commission may or may not affect agreement of trial balance. D) Errors of wrong totaling do not affect trial balance. Show Answer Correct Answer: D) Errors of wrong totaling do not affect trial balance. 6. State the effect on Profit for the Year:Omission of Drawings by cheque £100 A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: C) No Effect. 7. Which one of the following would result in a trial balance not balancing? A) A-A casting error in the sales day book. B) B-Debiting both the cash and sales account to record a cash sale. C) C-Failure to record a transaction. D) D-Debiting the purchase of a motor vehicle to the purchases account, whilecorrectly crediting the cash account. Show Answer Correct Answer: B) B-Debiting both the cash and sales account to record a cash sale. 8. State the type of error taking place in each of the scenarios (7-9) below:The Coach is in business trading goods on credit and Shakib is one of the trade receivables. The following errors were discovered in the books of the Coach:A cash payment of office expenses £600 by The Coach had been entered into the debit side of Shakib account. A) Error of omission. B) Error of commission. C) Error of principle. D) Error of original entry. Show Answer Correct Answer: C) Error of principle. 9. Repairs of motor vehicles RM 100 was posted to the wrong side of Motor Vehicles Expenses account .Correct the above error. A) Dr Suspense RM 100Cr Motor Vehicles Expenses RM 100. B) Dr Motor Vehicles Expenses RM 200Cr Suspense RM 200. C) Dr Suspense RM 200Cr Motor Vehicles Expenses RM 200. D) Dr Motor Vehicles Expenses RM 100Cr Suspense RM 100. Show Answer Correct Answer: B) Dr Motor Vehicles Expenses RM 200Cr Suspense RM 200. 10. ..... IA AN ENTRY WHICH HAS BEEN POSTED TO A WRONG ACCOUNT OF THE SAME CATEGORY. A) ERROR OF ORIGINAL ENTRY. B) ERROR OF COMMISSION. C) ERROR OF OMISSION. D) ERROR OF PRINCIPLE. Show Answer Correct Answer: B) ERROR OF COMMISSION. 11. What type of error has occurred when payment of $ 87 for advertising entered in both accounts as $ 78? A) Original entry. B) Compensating. C) Commission. D) Principle. Show Answer Correct Answer: A) Original entry. 12. An error of principle occurs when: A) A transaction is recorded in the wrong type of account. B) A transaction is omitted. C) Two errors compensate each other. D) A debit is posted as a credit. Show Answer Correct Answer: A) A transaction is recorded in the wrong type of account. 13. Repairs of office equipment was debited to the office equipment account.What type of error is it? A) Error of ommission. B) Compensating Error. C) Error of commision. D) Error of principle. Show Answer Correct Answer: D) Error of principle. 14. A cheque payment of RM 4, 000 for rent was recorded as RM 40, 000 in the books. A) Reversal Error. B) Error of Original Entry. C) All the above. D) None of the above. Show Answer Correct Answer: B) Error of Original Entry. 15. An insurance payment, RM 600, was correctly debited to the bank account but was posted to the salaries account by mistake. A) Error of principle. B) Error of commission. C) All the above. D) None of the above. Show Answer Correct Answer: B) Error of commission. 16. Rent account has been under casted by $ 200 also commission received account under casted by $ 200. what is the rectification entry? A) Dr:Cash $ 200Cr:Commission received $ 200. B) Dr:Commission received $ 200Cr:Rent $ 200. C) Dr:Rent 4200Cr:Cash $ 200. D) Dr:Rent $ 200Cr:Commission Received $ 200. Show Answer Correct Answer: D) Dr:Rent $ 200Cr:Commission Received $ 200. 17. State the effect on Profit for the Year:Bank Charges of £25 correctly entered in the Bank Account had not been posted to the ledger. A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: B) Decrease. 18. Choose if the sentence is correct:He is more cleverer than l A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 19. Transaction entered in the opposite side of both the accounts A) Error of principle. B) Error of original entry. C) Error of commission. D) Complete reversal of entry. Show Answer Correct Answer: D) Complete reversal of entry. 20. The amount of 500, 000 KHR for the maintenance of the factory machine wasdebited to the plant and machinery account after crediting bank account withsame amount. Which error has been committed? A) C-Error of omission. B) B-Error of original entry. C) A-Error of commission. D) D-Error of principle. Show Answer Correct Answer: D) D-Error of principle. 21. Sales of £450 worth of goods to Shakib had been entered in error into the account of Sameer. Choose the journal entry needed to correct the errors. A) Sameer £100 DR, Shakib £100 CR. B) Shakib £1750 DR, Sales £1750 CR. C) Shakib £450 DR, Sameer £450 CR. D) Office expense £600 DR, Shakib £600 CR. Show Answer Correct Answer: C) Shakib £450 DR, Sameer £450 CR. 22. State the effect on Profit for the Year:A credit note received from B Brown had been correctly entered in the Purchase Returns Account as £55 but had been entered in Brown's account as £5 A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: C) No Effect. 23. Cash sales $ 450 were debited to the bank column of the cash book. what type of error is this? A) Error of Principle. B) Error of Omission. C) Error of Commission. D) Complete Reversal entry. Show Answer Correct Answer: A) Error of Principle. 24. Cash balance of $ 2000 was omitted in trial balance A) Dr. Cash $ 2000 Cr. Trial balance $ 2000. B) No debit entry Cr. Suspense account $ 2000. C) Dr. Cash $ 2000 Cr. Suspense $ 2000. D) None of the above. Show Answer Correct Answer: B) No debit entry Cr. Suspense account $ 2000. 25. Payment by cheque to Agotha of $ 103 was completely missed out A) Principle. B) Omission. C) Compensating. D) Reversal. Show Answer Correct Answer: B) Omission. 26. Which of the following error(s) will create suspense account? A) Purchase day book overcast. B) Sale invoice overcast. C) Closing inventory overcast. D) Allowance for doubtful debts over-provided. Show Answer Correct Answer: A) Purchase day book overcast. 27. Purchases of goods on credit for $ 112 from Thea were entered by mistake in the account of Tina A) Omission. B) Reversal. C) Principle. D) Comission. Show Answer Correct Answer: D) Comission. 28. Insurance paid in cash for $ 52 was entered in both accounts as $ 43 A) Original entry. B) Reversal. C) Compensating. D) Commission. Show Answer Correct Answer: A) Original entry. 29. A Cheque received from Mathew $ 500 had been entered in the books as $ 400. what type of error is this? A) Error of Commision. B) Reversal Entery. C) Original Entry. D) Error of Commission. Show Answer Correct Answer: C) Original Entry. 30. ..... IS AN ENTRY WHICH HAS BEEN POSTED TO A WRONG CATEGORY OF ACCOUNT. A) ERROR OF PRINCIPLE. B) ERROR OF COMMISSION. C) ERROR OF OMISSION. D) ERROR OF ORIGINAL ENTRY. Show Answer Correct Answer: A) ERROR OF PRINCIPLE. 31. What is the accounting error which occurs as a result of a mistake made inidentifying a customer's account? A) C-Error of identity. B) B-Error of commission. C) A-Error of principle. D) D-Error of original entry. Show Answer Correct Answer: B) B-Error of commission. 32. State the effect on Profit for the Year:Sales £700 had been entered into the Purchases Account in error A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: A) Increase. 33. The payment of interest $ 110 was debited to the insurance account. A) Errors of omission. B) Errors of original entry. C) Errors of commission. D) Errors of complete reversal. E) Errors of principle. Show Answer Correct Answer: C) Errors of commission. 34. If a purchase of 1, 000 is entered in sales account: A) Error of commission. B) Compensating error. C) Error of principle. D) Error of omission. Show Answer Correct Answer: A) Error of commission. 35. Cheque of $ 300 was issued to settle Mr Chan's account was recorded in Mr Chen's account. A) Error of principle. B) Error of original entry. C) Compensating error. D) Error of commission. E) Error of omission. Show Answer Correct Answer: D) Error of commission. 36. What is the main purpose of a trial balance? A) To check the arithmetical accuracy of ledger accounts. B) To prepare financial statements. C) To record transactions. D) To calculate net profit. Show Answer Correct Answer: A) To check the arithmetical accuracy of ledger accounts. 37. Salaries account and Sales account are both overcast by RM 500. Does this error need Suspense account to make correction? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: B) No. 38. State the effect on Profit for the Year:Discount Received of £90 had been omitted from the Ledger Accounts A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: A) Increase. 39. Sales of goods on credit to John $ 400 had been debited to J. Jeans account. what type of error is this? A) Error of Commission. B) Error of Omission. C) Error of Principle. D) Reversal Entry. Show Answer Correct Answer: A) Error of Commission. 40. What type of error has occurred when office expenses of $ 40 was actually a payment made for the owner's private expenses? A) Commission. B) Principle. C) Compensating. D) Omission. Show Answer Correct Answer: B) Principle. 41. An error of commission occurs when: A) A transaction is entered in the wrong account but correct side. B) A transaction is omitted entirely. C) Correct amount posted on the wrong side. D) Two errors cancel each other out. Show Answer Correct Answer: A) A transaction is entered in the wrong account but correct side. 42. A Cheque received from Mathew $ 500 had been entered in the books as $ 400. what is the rectification entry? A) Dr:Bank $ 500Cr:Mathew $ 500. B) Dr:Mathew $ 100Cr:Bank $ 100. C) Dr:Mathew $ 500Cr:Bank $ 500. D) Dr:Bank $ 100Cr:Mathew $ 100. Show Answer Correct Answer: D) Dr:Bank $ 100Cr:Mathew $ 100. 43. AN ENTRY OF A TRANSACTION HAS BEEN REVERSED. IDENTIFY THE ERROR. A) ERROR OF COMMISSION. B) ERROR OF ORIGINAL ENTRY. C) ERROR OF COMPENSATING. D) ERROR OF REVERSAL ENTRIES. Show Answer Correct Answer: D) ERROR OF REVERSAL ENTRIES. 44. Give me a piece of blotting paper A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 45. Ledger balances:Cash 5, 000 (Dr), Capital 10, 000 (Cr), Purchases 6, 000 (Dr), Sales 8, 000 (Cr). What is the trial balance total? A) Debit 12, 000; Credit 12, 000. B) Debit 18, 000; Credit 18, 000. C) Debit 11, 000; Credit 11, 000. D) Debit 11, 000; Credit 18, 000. Show Answer Correct Answer: D) Debit 11, 000; Credit 18, 000. 46. Purchases returns of $ 55 was debited to purchase returns and credited to trade payables A) Reversal. B) Omission. C) Principle. D) Compensating. Show Answer Correct Answer: A) Reversal. 47. Which of the following errors are single entry? A) Credit sales of $ 3000 was recorded in sales account only. B) Credit sales of $ 3000 was correctly recorded in personal account while sales account was recorded as $ 300. C) All the above. D) None of the above. Show Answer Correct Answer: A) Credit sales of $ 3000 was recorded in sales account only. 48. Discounts allowed of RM 100 to Joe had been debited to the personal account. Does this error need Suspense account to make correction? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 49. What will be the rectifying entry if:Goods of Rs5000 withdrawn by the proprietor for personal use, posted in sales account, however purchases account was correctly credited A) Drawings account DR 5000To sales a/c 5000. B) Suspense account Dr 5000 To drawings a/c 5000. C) Sales a/c dr 5000Drawings a/c Dr 5000 To Suspense a/c 10000. D) None of these. Show Answer Correct Answer: C) Sales a/c dr 5000Drawings a/c Dr 5000 To Suspense a/c 10000. 50. How the debit balance of Suspense Account should be shown on Statement of Financial Position? A) Non-Current Liabilities. B) Current Assets. C) Current Liabilities. D) Non-Current Assets. Show Answer Correct Answer: B) Current Assets. 51. Payment of cash made for $ 56 for heating costs was missed out of the double entry account A) Compensating. B) Omission. C) Commission. D) Reversal. Show Answer Correct Answer: B) Omission. 52. Sales of Van used in business for $ 500 was credited to the sales account A) Commission. B) Reversal. C) Omission. D) Principle. Show Answer Correct Answer: D) Principle. 53. Cash recorded in cash book but not in ledger: A) Error of principle. B) Compensating error. C) Error of commission. D) Error of omission. Show Answer Correct Answer: D) Error of omission. 54. An invoice received from a supplier for $ 657 was recorded in the purchases journal as being for $ 567. A) Errors of principle. B) Errors of original entry. C) Errors of commission. D) Compensating errors. E) Errors of omission. Show Answer Correct Answer: B) Errors of original entry. 55. Sale on credit to Georgia for $ 110 was debited to sales and credited to the customer's account A) Original entry. B) Reversal. C) Compensating. D) Omission. Show Answer Correct Answer: B) Reversal. 56. Which of these is a limitation of the trial balance? A) Shows arithmetical accuracy of ledger. B) Detects all types of accounting errors. C) Can detect errors of omission. D) Shows the business's financial position. Show Answer Correct Answer: B) Detects all types of accounting errors. 57. SALES OF GOODS TO LUQMAN WAS WRONGLY RECORDED AS SALES OF GOODS TO HAKIM. IDENTIFY THIS TYPE OF ERROR. A) ERROR OF PRINCIPLE. B) ERROR OF ORIGINAL ENTRY. C) ERROR OF COMMISSION. D) ERROR OF OMISSION. Show Answer Correct Answer: C) ERROR OF COMMISSION. 58. A suspense account is used to A) C-record purchases. B) D-correct errors. C) A-agree the trial balance. D) B-record sales. Show Answer Correct Answer: C) A-agree the trial balance. 59. Recorded as 1, 500 instead of 15, 000: A) Affect the trial balance. B) Not affect the trial balance. C) Cause compensating error. D) Correct automatically. Show Answer Correct Answer: B) Not affect the trial balance. 60. Which of these describes the error:Transaction completely omitted A) Error of omission. B) Error of principle. C) Error of original entry. D) Error of commission. Show Answer Correct Answer: A) Error of omission. Next →Related QuizzesGrammar QuizzesEnglish Grammar QuizzesCorrection Of Errors Quiz 2Correction Of Errors Quiz 3Accept Vs. Except QuizAffect Vs Effect QuizCommon Mistakes QuizCommon Modifier Errors QuizCommon Usage Errors QuizCommon Word Errors Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books