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.Management Sciences
A. Complete omission of a transaction
B. Partial omission of a transaction
C. Error of principle
D. Compensating errors
Related Mcqs:
- Sales on credit is recorded in which of the following journal?
- A. Purchase journal B. Sales journal C. Purchases return journal D. Sales return journal...
- _______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
- A. Depreciation B. Drawings C. Outflow of cash D. Appreciation...
- For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The amounts omitted, which were considered material, were as follows:
- March 31,2010 – ` 56,000 March 31, 2011 – ` 51,000 March 31, 2012 – ` 64,000 The entry on March 31, 2012 to rectify these omissions would include a A. Credit to wage expense for ` 64,000 B. Debit to wage expense for ` 64,000 C. Debit to wage expense for ` 51,000 D. … For the past 3 years, DK Ltd. has failed to accrue unpaid wages earned by workers during the last week of the year. The...
- Carriage on goods purchased is shown in:___________?
- A. Profit and Loss A/c B. Capitalized with work in progress C. Trading A/c D. Shown in Balance Sheet...
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