1-Which of the following is an Example of Partial Omission? a. Rent expense of RO 150 were entered in Rent account only b. Rent expense of RO 150 was entered as RO 510 in both the accounts c. Rent expense of RO 150 were not entered at tall d. Rent expense of RO 150 was entered as RO 1500 in both the accounts
1-Which of the following is an Example of Partial Omission? a. Rent expense of RO 150 were entered in Rent account only b. Rent expense of RO 150 was entered as RO 510 in both the accounts c. Rent expense of RO 150 were not entered at tall d. Rent expense of RO 150 was entered as RO 1500 in both the accounts
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
1-Which of the following is an Example of Partial Omission?
a.
Rent expense of RO 150 were entered in Rent account only
b.
Rent expense of RO 150 was entered as RO 510 in both the accounts
c.
Rent expense of RO 150 were not entered at tall
d.
Rent expense of RO 150 was entered as RO 1500 in both the accounts
Clear my choice
2-Which of the following is an example of Error of Complete Omission?
a.
Salary of RO 200 was entered as RO 2000 in both the accounts
b.
Salary paid RO 200 was entered only in Salary account
c.
Salary of RO 200 was entered as RO 20000 in cash account
d.
Salary paid RO 200 was not entered in both the accounts
Clear my choice
3-Which of the following is an example of Books of Prime entry?
a.
trial balance
b.
Cash disbursement journal
c.
purchase ledger
d.
sales ledger
4-Financial Statements prepared by the business by using Computerized accounting system is an example of
a.
Both input and output
b.
Output
c.
Input
d.
capital invested by the owner
5-Source documents will be recorded in
a.
All of the above
b.
Books of Prime entry
c.
Books of Profit and Loss account
d.
Books of Balance sheet
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education