This quiz works best with JavaScript enabled. Home > Grammar > Editing And Proofreading > Correction Of Errors – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Correction Of Errors Quiz 1 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Transaction entered in wrong account but same class A) Error of commission. B) Error of omission. C) Error of principle. D) Error of original entry. Show Answer Correct Answer: A) Error of commission. 2. The suspense account is used when: A) Trial balance totals agree. B) Trial balance totals do not agree. C) Errors are already corrected. D) Preparing financial statements. Show Answer Correct Answer: B) 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) Reversal. B) Omission. C) Compensating. D) Principle. Show Answer Correct Answer: C) Compensating. 5. Which of the following statement is incorrect A) A trial balance is the proof of arithmetical accuracy of accounts. B) Double sided errors can be rectified with suspense account or without suspense account. 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 commission. B) Error of omission. 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 Motor Vehicles Expenses RM 200Cr Suspense RM 200. B) Dr Motor Vehicles Expenses RM 100Cr Suspense RM 100. C) Dr Suspense RM 200Cr Motor Vehicles Expenses RM 200. D) Dr Suspense RM 100Cr Motor Vehicles Expenses RM 100. Show Answer Correct Answer: A) 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 COMMISSION. B) ERROR OF OMISSION. C) ERROR OF ORIGINAL ENTRY. D) ERROR OF PRINCIPLE. Show Answer Correct Answer: A) ERROR OF COMMISSION. 11. What type of error has occurred when payment of $ 87 for advertising entered in both accounts as $ 78? A) Commission. B) Compensating. C) Principle. D) Original entry. Show Answer Correct Answer: D) Original entry. 12. An error of principle occurs when: A) A transaction is recorded in the wrong type of account. B) A debit is posted as a credit. C) A transaction is omitted. D) Two errors compensate each other. 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 commision. B) Error of ommission. C) Error of principle. D) Compensating Error. Show Answer Correct Answer: C) 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:Commission received $ 200Cr:Rent $ 200. B) Dr:Rent 4200Cr:Cash $ 200. C) Dr:Cash $ 200Cr:Commission received $ 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 commission. B) Error of original entry. C) Error of principle. 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) A-Error of commission. B) B-Error of original entry. C) C-Error of omission. 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) Shakib £1750 DR, Sales £1750 CR. B) Office expense £600 DR, Shakib £600 CR. C) Sameer £100 DR, Shakib £100 CR. D) Shakib £450 DR, Sameer £450 CR. Show Answer Correct Answer: D) 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 Omission. B) Error of Commission. C) Error of Principle. D) Complete Reversal entry. Show Answer Correct Answer: C) 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) Reversal. B) Principle. C) Compensating. D) Omission. Show Answer Correct Answer: D) Omission. Next →Related QuizzesGrammar QuizzesCorrection Of Errors Quiz 2Correction Of Errors Quiz 3Correction Of Errors Quiz 4Correction Of Errors Quiz 5Correction Of Errors Quiz 6Correction Of Errors Quiz 7Accept Vs. Except QuizAffect Vs Effect QuizCommon Mistakes QuizCommon Modifier Errors QuizCommon Usage Errors QuizCommon Word Errors QuizCommonly Confused Words QuizConjunction Errors In Sentences QuizCorrect Usage QuizCorrecting Dangling Modifiers QuizCorrecting Grammar Mistakes QuizCorrecting Misplaced Modifiers QuizDangling And Misplaced Modifiers QuizDangling Modifiers QuizEdit Grammar Usage QuizEditing And Formatting In Word QuizEditing Common Grammatical Errors QuizEditing QuizError Correction QuizError Recognition QuizEssay Errors QuizFind The Errors QuizFind The Missing Correlative Conjunctions QuizGrammar Error Identification QuizGrammar Mistakes In Writing QuizGrammar Usage QuizHomophone Usage QuizHomophones QuizIdentifying Errors In Sentences QuizIt'S Vs. Its QuizLatin Agreement Mistakes QuizMaking Mistakes QuizMisplaced Modifiers QuizModifiers Placement QuizPronoun Errors QuizPronoun Reference QuizPronoun Usage QuizRecognizing Dangling Modifiers QuizSubjunctive Errors QuizThen Vs. Than QuizTo Vs. Too QuizUsage Errors QuizVerb Usage Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books