This quiz works best with JavaScript enabled. Home > Grammar > Editing And Proofreading > Correction Of Errors – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Correction Of Errors Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What type of error has occurred when motor car purchased was debited to maintenance expenses by mistake? A) Principle. B) Commission. C) Omission. D) Original entry. Show Answer Correct Answer: A) Principle. 2. What type of error has occurred when purchases of machinery are entered in the purchases account? A) Commission. B) Compensating. C) Principle. D) Original entry. Show Answer Correct Answer: C) Principle. 3. Returns inward is overcast by 800, 000 KHR and discount received is undercastby 2, 000, 000 KHR. The effect of the errors is that, profit will be A) A-increased by 2, 800, 000 KHR. B) B-decreased by 2, 800, 000 KHR. C) C-increased by 1, 200, 000 KHR. D) D-decreased by 1, 200, 000 KHR. Show Answer Correct Answer: B) B-decreased by 2, 800, 000 KHR. 4. A trial balance lists: A) Only debit balances. B) Only credit balances. C) Debit and credit balances of all ledger accounts. D) Only capital and liabilities. Show Answer Correct Answer: C) Debit and credit balances of all ledger accounts. 5. A petty cash voucher for stationery $ 18 was overlooked A) Errors of omission. B) Errors of commission. C) Errors of principle. D) Errors of complete reversal. E) Errors of original entry. Show Answer Correct Answer: A) Errors of omission. 6. Which of the following is an example of error of Principle A) Goods sold for Rs50, 000 posted as Rs75000. B) Rent received Rs500 but wrongly debited. C) Goods of Rs85000 purchased for cash recorded through Furniture account. D) None of these. Show Answer Correct Answer: C) Goods of Rs85000 purchased for cash recorded through Furniture account. 7. Which of the following is not an example of error of commission A) Errors of Wrong totalling. B) Identification of capital expenditure as revenue expense. C) Errors of wrong carry forwarding. D) None of these. Show Answer Correct Answer: B) Identification of capital expenditure as revenue expense. 8. 01) Saddique's trial balance failed to balance. The debit column totalled $ 12 250 and the credit column totalled $ 12 200.The following errors were discovered. No entry had been made for cash sales, $ 150. The total of the discount received account, $ 50, had been omitted from the trial balance. What were the totals of the trial balance after the errors had been corrected?A $ 12 250B $ 12 300C $ 12 350D $ 12 400 A) A. B) B. C) C. D) D. Show Answer Correct Answer: D) D. 9. The purchase of some new office equipment, $ 2300, was debited to the purchases account A) Errors of omission. B) Errors of commission. C) Errors of principle. D) Compensating errors. E) Errors of original entry. Show Answer Correct Answer: C) Errors of principle. 10. WHEN A TRANSACTION WAS COMPLETELY OMITTED FROM THE BOOKS, IT IS CALLED ..... A) ERROR OF COMPENSATING. B) ERROR OF COMMISSION. C) ERROR OF OMISSION. D) ERROR OF ORIGINAL ENTRY. Show Answer Correct Answer: C) ERROR OF OMISSION. 11. The cost of goods purchased by cash was wrongly debited to sales account andcredited to cash book. The entries necessary to correct the error are: A) A-Dr Purchases account; Cr cash book. B) B-Dr Sales account; Cr Cash book. C) C-Dr Cash book; Cr Sales account. D) D-Dr Purchases account; Cr Sales account. Show Answer Correct Answer: D) D-Dr Purchases account; Cr Sales account. 12. REPAIRS OF MACHINERY WAS WRONGLY RECORDED AS PURCHASE OF MACHINERY. THE CORRECT JOURNAL ENTRY FOR THE CORRECTION OF ERRORS IS ..... A) DEBIT-MACHINERY A/CCREDIT-REPAIRS A/C. B) DEBIT-REPAIRS A/CCREDIT-SUSPENSE A/C. C) DEBIT-REPAIRS A/CCREDIT-MACHINERY A/C. D) DEBIT-MACHINERY A/CCREDIT-SUSPENSE A/C. Show Answer Correct Answer: C) DEBIT-REPAIRS A/CCREDIT-MACHINERY A/C. 13. Which one of the following is an error of commission? A) A-The recording of a motor repair as an addition to the motor vehiclesaccount. B) B-The purchase of a new piece of machinery has been recorded in thepremises account. C) C-The payment of a supplier debited to the cash and supplier account. D) D-The correct recording of a cash sale, but for the wrong amount. Show Answer Correct Answer: B) B-The purchase of a new piece of machinery has been recorded in thepremises account. 14. A further sale of goods to Shakib of £1750 had not been recorded in the books of The Coach. 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) Suspense £100 DR, Shakib £100 CR. D) Shakib £450 DR, Sameer £450 CR. Show Answer Correct Answer: A) Shakib £1750 DR, Sales £1750 CR. 15. Credit sale of goods worth $ 300 to Lucy has been posted to Lucas' account. The correcting journal entry would be: A) DR Trade receivables-Lucas 300CR Trade receivables-Lucy 300. B) DR Trade receivables-Lucas 300CR Sales revenue 300. C) DR Trade receivables-Lucy 300CR Sales revenue 300. D) DR Trade receivables-Lucy 300 CR Trade receivables-Lucas 300. Show Answer Correct Answer: D) DR Trade receivables-Lucy 300 CR Trade receivables-Lucas 300. 16. Commission income of RM 200 received in cheque was debited to Commission account and credited to Bank account.Correct the above error. A) Dr Commission RM 200Cr Bank RM 200. B) Dr Commission RM 400Cr Bank RM 400. C) Dr Bank RM 200Cr Commission RM 200. D) Dr Bank RM 400Cr Commissio RM 400. Show Answer Correct Answer: D) Dr Bank RM 400Cr Commissio RM 400. 17. The purchases account was overstated by RM 1, 200 while the inventory account was understated by RM 1, 200.Please state the type of error and show the correct entries. A) Compensationg ErrorDr Inventory RM 1, 200 Cr Purchases RM 1, 200. B) Reversal ErrorDr Inventory RM 1, 200 Cr Purchases RM 1, 200. C) Compensationg ErrorDr Purchases RM 1, 200 Cr Inventory RM 1, 200. D) Reversal ErrorDr Purchases RM 1, 200 Cr Inventory RM 1, 200. Show Answer Correct Answer: A) Compensationg ErrorDr Inventory RM 1, 200 Cr Purchases RM 1, 200. 18. 04) After the financial statements for the year ended 30 April 2022 had been prepared, a trader discovered that the closing inventory had been over-valued. What will be the effect of this error? profit for the year ended 30 April 2022 capital on 30 April 2022 profit for the year ending 30 April 2023A overstated overstated understatedB overstated understated no effectC understated no effect no effectD understated understated overstated A) A. B) B. C) C. D) D. Show Answer Correct Answer: A) A. 19. A payment mad by cash $ 100 to Sunil was omitted from the books of the business. what is the rectification entry? A) Dr:Sunil $ 100Cr:Cash $ 100. B) Dr:Cash $ 100Cr:Sunil $ 100. C) Dr:Cash $ 100Cr:suspense $ 100. D) Dr:suspense $ 100Cr:Sunil $ 100. Show Answer Correct Answer: A) Dr:Sunil $ 100Cr:Cash $ 100. 20. Cash 1, 000 posted to wrong debtor: A) Error of omission. B) Error of commission. C) Error of principle. D) Compensating error. Show Answer Correct Answer: B) Error of commission. 21. State the effect on Profit for the Year:Cash payment for Furniture and Fittings A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: C) No Effect. 22. Purchase of a motor van costing $ 1000 was recorded in motor expenses account. A) Error of omission. B) Error of commission. C) Error of original entry. D) Error of principle. Show Answer Correct Answer: D) Error of principle. 23. Credit sales of $ 113 to Yan were debited to the account of Lei A) Principle. B) Commission. C) Reversal. D) Omission. Show Answer Correct Answer: A) Principle. 24. Which of the following error would effect the agreement of Trial Balance A) Sales to Ram Rs150 posted to his account as Rs175. B) Sales to Mahesh Rs800 posted to Mukesh as Rs800. C) A credit sale wrongly passed through purchase book. D) None of these. Show Answer Correct Answer: A) Sales to Ram Rs150 posted to his account as Rs175. 25. A credit purchase of goods $ 1200 from Calvin trading was recorded in Clara trading account. Name the error. A) Error of commission. B) Error of omission. C) Error of principle. D) Compensating error. Show Answer Correct Answer: A) Error of commission. ← PreviousNext →Related QuizzesGrammar QuizzesCorrection Of Errors Quiz 1Correction Of Errors Quiz 2Correction Of Errors Quiz 3Correction 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