- Error of principle
- Error of commission
- Error of omission
- Error of duplication
Correct Answer is:
Error of principle
|
- Assets accounts
- liability accounts
- Cash accounts
- Revenue accounts
Correct Answer is:
Assets accounts
|
Correct Answer is:
3
|
- Credited to the Profit & Loss Account
- Debited to the Profit & Loss Account
- Shown on the liabilities side of the Balance Sheet
- Shown on the assets side of the Balance Sheet
Correct Answer is:
Shown on the assets side of the Balance Sheet
|
- Narration
- Explanation
- Summary
- Other information
Correct Answer is:
Narration
|
- Accountant of the business
- Manager of the business
- Controller of the bank
- Accountant of the bank
Correct Answer is:
Accountant of the business
|
|
|
Correct Answer is:
24.00
|
- Capital
- Absorbed capital
- Net assets
- Net working capital
Correct Answer is:
Net working capital
|
- Adding 2,200 to closing stock
- Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales
- Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
- Deducting 1,800 from debtors
Correct Answer is:
Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
|
- Cash and cash equivalent
- Creditors
- Notes payable
- Bank loan
Correct Answer is:
Cash and cash equivalent
|
- Assets and liabilities
- Assets and equity
- Liabilities and equity and bank balance
- Capital and liabilities
Correct Answer is:
Assets and equity
|
|
|
- Cash at bank
- Bank understatement
- Bank overdraft
- Balance overstatement
Correct Answer is:
Cash at bank
|
- Yes
- No
- Transactions can’t be omitted
- none of these
Correct Answer is:
No
|
