This quiz works best with JavaScript enabled. Home > Grammar > Editing And Proofreading > Correction Of Errors – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Correction Of Errors Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A sales returns of $ 89 from a trade receivable, S McNee, was credited to the account of S McKoy A) Errors of omission. B) Errors of commission. C) Errors of principle. D) Compensating errors. E) Errors of original entry. Show Answer Correct Answer: B) Errors of commission. 2. Wages paid of $ 290 cash was entered in both accounts as $ 390 A) Omission. B) Original entry. C) Compensating. D) Reversal. Show Answer Correct Answer: B) Original entry. 3. Repairs to office equipment, RM 1, 500 had been posted to the office equipment account. A) Error of principle. B) Error of commission. C) All the above. D) None of the above. Show Answer Correct Answer: A) Error of principle. 4. A sale of 500 omitted from ledger: A) Error of omission. B) Error of commission. C) Error of principle. D) Compensating error. Show Answer Correct Answer: A) Error of omission. 5. $ 200 rental payment was not recorded in the books. What is type of this error? A) Error of omission. B) Error of commission. C) Error of original entry. D) Error of principle. E) Compensating error. Show Answer Correct Answer: A) Error of omission. 6. Furniture purchased for 5, 000 entered in repairs account: A) Error of omission. B) Error of commission. C) Error of principle. D) Compensating error. Show Answer Correct Answer: C) Error of principle. 7. A cash payment of $ 1, 700 for rent has been omitted from the books. What is the rectification entry? A) Dr:Rent $ 1, 700Cr:Cash $ 1, 700. B) Dr:Cash $ 1, 700Cr:Rent $ 1, 700. C) Dr:Cash $ 1, 700Cr:Suspense $ 1, 700. D) Dr:Suspense $ 1, 700Cr:Cash $ 1, 700. Show Answer Correct Answer: A) Dr:Rent $ 1, 700Cr:Cash $ 1, 700. 8. Sales of £450 worth of goods to Shakib had been entered in error into the account of Sameer. 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. 9. Sales of £3400 had been correctly entered into sales account of The Coach. This transaction had been recorded as £4300 in Shakib's account. A) Suspense £900 DR, Shakib £900 CR. B) Office expense £600 DR, Shakib £600 CR. C) Suspense £100 DR, Shakib £100 CR. D) The Coach £100 DR, Suspense £100 CR. Show Answer Correct Answer: A) Suspense £900 DR, Shakib £900 CR. 10. Hiro wishes to increase his provision for doubtful debts at the end of the year. How does he record this increase? A) Debit entry credit entrybad debts provision for doubtful debts. B) Debit entry credit entryprovision for doubtful debts bad debts. C) Debit entry credit entry income statement provision for doubtful debts. D) Debit entry credit entryprovision for doubtful debts income statement. Show Answer Correct Answer: C) Debit entry credit entry income statement provision for doubtful debts. 11. Return inwards of RM 56 was posted to the wrong side of the 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. 12. State the effect on Profit for the Year:Rent under added by £80 A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: B) Decrease. 13. A payment for RM 1, 400 utilities was debited to cash in hand and credited to utilities account. A) Reversal ErrorDr Utilities RM 1, 400 Cr Cash RM 1, 400. B) Reversal ErrorDr Utilities RM 2, 800 Cr Cash RM 2, 800. C) Reversal ErrorDr Cash RM 1, 400 Cr Utilities RM 1, 400. D) Reversal ErrorDr Cash RM 2, 800 Cr Utilities RM 2, 800. Show Answer Correct Answer: B) Reversal ErrorDr Utilities RM 2, 800 Cr Cash RM 2, 800. 14. A payment of 1, 000 to a supplier is recorded as 100. Correcting entry: A) Dr Supplier 900, Cr Cash 900. B) Dr Cash 900, Cr Supplier 900. C) Dr Supplier 1000, Cr Cash 1000. D) Dr Cash 1000, Cr Supplier 1000. Show Answer Correct Answer: A) Dr Supplier 900, Cr Cash 900. 15. A computer used by the business is sold but credited to the sales account. Which of the following pairs of entries would correct this error? A) Dr Computer, Cr Sales. B) Dr Sales, Cr Computer. C) Dr Sales, Cr Owner's Equity. D) Dr Computer, Cr Bank. Show Answer Correct Answer: B) Dr Sales, Cr Computer. 16. 6) Davi prepared the following journal entry to correct an error. debit $ credit $ Samir 40 Samuel 40Which error was being corrected?A Cash paid to Samir had been credited to Samuel. B Cash received from Samuel had been debited to Samir.C Goods bought from Samir had been credited to Samuel.D Goods sold to Samir had been debited to Samuel. A) A. B) B. C) C. D) D. Show Answer Correct Answer: D) D. 17. Office expenses of $ 21 was actually a payment made for the owner's private expenses A) Omission. B) Principle. C) Compensating. D) Commission. Show Answer Correct Answer: B) Principle. 18. State true or false:If sales, purchases return, liability or income are undercasted, suspense account will be debited and related account will be credited. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. WHICH OF THE FOLLOWING ERRORS, WOULD NOT AFFECT THE BALANCING OF A TRIAL BALANCE? A) AN AMOUNT POSTED TO HARIS. B) AMOUNT OMITTED ENTIRELY FROM THE BOOKS. C) AN AMOUNT POSTED TO THE WRONG SIDE OF THE ACCOUNT. D) AMOUNT OVERCAST IN ONE ACCOUNT. Show Answer Correct Answer: B) AMOUNT OMITTED ENTIRELY FROM THE BOOKS. 20. What type of error has occurred when purchases and sales accounts were both overcast by $ 200? A) Principle. B) Commission. C) Omission. D) Compensating. Show Answer Correct Answer: D) Compensating. 21. Furniture of Rs8000 was purchased from Rahul on credit. Rahul's account was correctly credited but furniture account was debited with Rs80, 000. What will be the rectifying entry? A) Suspense a/c dr 8000To Furniture a/c. B) Furniture a/c Dr 72000To Rahul 72000. C) Rahul dr 72000To suspense a/c 72000. D) None of these. Show Answer Correct Answer: D) None of these. 22. Which of the following errors will NOT affect the agreement of a trial balance? A) A-Error in computation of balances. B) B-Transposition of figures. C) C-Errors of wrong posting in the debit and credit columns. D) D-Errors of principle. Show Answer Correct Answer: D) D-Errors of principle. 23. In which of the following circumstances will the preparation of a Trial Balanceassist in disclosing an error? A) A-Failure to post an entry journal. B) B-Posting rent expenses to motor running account. C) C-Failure to post part of a journal entry. D) D-Posting the debit of a journal entry as a credit and vice versa. Show Answer Correct Answer: C) C-Failure to post part of a journal entry. 24. A suspense account is used to rectify? A) Errors affecting trial balance agreement. B) Errors not affecting trial balance agreement. C) Both types of errors. D) None of these. Show Answer Correct Answer: A) Errors affecting trial balance agreement. 25. State the effect on Profit for the Year:Cash payment for Furniture and Fittings had been entered into the bank account in error A) Increase. B) Decrease. C) No Effect. D) None of the above. Show Answer Correct Answer: C) No Effect. ← PreviousNext →Related QuizzesGrammar QuizzesCorrection Of Errors Quiz 1Correction Of Errors Quiz 2Correction Of Errors Quiz 3Correction Of Errors Quiz 4Correction Of Errors Quiz 6Correction Of Errors Quiz 7Accept Vs. 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