An error of commission is one where:
A: A transaction has not been recorded.
B: One side of a transaction has been recorded in the wrong class of account, such as non-current assets posted to inventory.
C: An error has been made in posting a transaction.
D: The digits in a number are recorded the wrong way round.
A: A transaction has not been recorded.
B: One side of a transaction has been recorded in the wrong class of account, such as non-current assets posted to inventory.
C: An error has been made in posting a transaction.
D: The digits in a number are recorded the wrong way round.
举一反三
- What is an error of commission? A: An error where a transaction has not been recorded B: An error where one side of a transaction has been recorded in the wrong account, and that account is of a different class to the correct account C: An error where one side of a transaction has been recorded in the wrong account, and that account is of the same class as the correct account D: An error where the numbers in the posting have been transposed.
- Some inventory taken by the owner of a business has not yet been recorded. When this transaction is recorded: A: Profit will rise and net assets fall. B: Profit will rise and net assets stay the same. C: Profit will fall and net assets rise. D: Profit will fall and net assets stay the same.
- The number of phone calls arriving at a switchboard each hour has been recorded and the following frequency distribution has been developed. Class Interval Frequency 20-under 40 30 40-under 60 45 60-
- Accrued expense is most likely recorded by a company if cash is paid:（） A: before expense has been incurred. B: at the same time expense has been incurred. C: after expense has been incurred.
- Which of the following is provided by a trial balance in which total debits equal total credits? A: Proof that no transaction was completely omitted from the ledger during the posting process. B: Proof that the correct debit or credit balance has been computed for each account. C: Proof that the ledger is in balance. D: Proof that transactions have been correctly analyzed and recorded in the proper accounts.