6. Errors can occur for which of the following reason(s)? a. Arithmetic b. Recording two debits and no credits Recording incorrect amounts d. All of the answers listed C. 7. The accountant recorded income from services as P4,500 when it shou been recorded as P4,050. This is an example of a a. matching error b. footing C. slide d. transposition is a book in which business transactions are recorded 8 A a. ledger b. balance sheet C. journal

6. Errors can occur for which of the following reason(s)? a. Arithmetic b. Recording two debits and no credits Recording incorrect amounts d. All of the answers listed C. 7. The accountant recorded income from services as P4,500 when it shou been recorded as P4,050. This is an example of a a. matching error b. footing C. slide d. transposition is a book in which business transactions are recorded 8 A a. ledger b. balance sheet C. journal

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 72E

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Select the best answer for the question. 10. A trial balance indicates that the debit total exceeds the credit total by $63. Which of the following errors is the most probable source of the discrepancy? A. An asset with a balance of $63 was mistakenly entered in the ledger as a credit for that amount instead of a debit B. An asset with a balance of $670 was mistakenly entered in the ledger as a $607 debit OC. A liability with a balance of $63 was mistakenly entered in the ledger as a debit for that amount, instead of a credit OD. A liability with a balance of $970 was mistakenly entered in the ledger as a $907 credit O Mark for review (Will be highlighted on the review page) Previous Question Next Question >>
Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.
making currect answer. attched files
Multiple choice: 1. Correction in accounts should NOT be A. Traceable B. Initialed C. Ruled D. Covered completely 2. To find an error, you should do all of the following except A. Double check every entry B. Find the difference between debits and credits C. Erase questionable entries D. Retrace any math computation
The following errors will not be revealed by the trialSelect one: a. Balances incorrectly recordedb. Balances omittedc. Posting to the wrong accountd. Casting of debit or credit columns.
Please help me to solve this problem
Write a report answering the following questions of at least 500 words. Taking into account the plagiarism ratio, it should be zero. Thank you
Name the error which was made under the following circumstances: during the accounting period the bookkeeper overestimated the sales account by N$200 and overestimated the purchases account by N$200. O a. Principle error O b. Error of complete reversal O c. Compensating error O d. Commission error
1a only, thanks!
4. A trial balance was extracted from the books of Phax Mohutsiwa. It was found that the debit side exceeded the credit side by P40. The following errors were later discovered. i) Purchases were overcast by P20. ii)An amount paid to L Lesego was debited to the control account as P98 instead of P89. iii) Sales were undercast by P11 Required: Enter the above information in the suspense account and balance it off. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Business receives cash RO 180 from Ms. Asma was wrongly entered RO100 in both the accounts. This type of error is a. Errors of Commission b. Errors of transposition c. Reversal error d. Errors of Principle
If a $335.00 debit item in the general journal is posted as a credit: By how much will the trial balance be out of balance? Explain how you might detect such an error.