What type of accounting error has occurred when ,4500 paid for purchases is not posted? (a) Double-entry

Question:

What type of accounting error has occurred when £,4500 paid for purchases is not posted?
(a) Double-entry error
(b) Error of principle
(c) Error of commission
(d) Compensating error

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

See More Books

Question Posted: Aug 26, 2023 06:44 AM

See More Questions

What type of accounting error has occurred when payment for office stationery is posted to the Purchases account? (a) Error of duplication (b) Double-entry error (c) Entry of principle (d) Error of...
What type of accounting error has occurred when the cost of redecorating office premises is posted to the Land and buildings account? (a) Entry error (b) Error of duplication (c) Error of principle...
What type of accounting error has occurred when a sale entered in the Sales Day Book has not been posted? (a) Entry error (b) Error of duplication (c) Error of principle (d) Double-entry error
Write a program that takes the name of an image file as a command-line argument, and creates and shows three Picture objects, one that contains only the red components, one for green, and one for...
1. Can an effort force of 75.0 N lift a 275-N weight using the pulley system in Problem 3? In Problem 3, find the mechanical advantage of each pulley system. 2. (a) What effort will lift a 1950-N...
A supervisor of a plant kept records of the time (in seconds) that employees needed to complete a particular task. The data are summarized as follows: a. Graph the data with a histogram. b. Discuss...
You are the financial controller of Waru Ltd, an Australian company listed on the ASX that distributes imported food products in the local market. The functional currency of Waru Ltd is A$$.$ Waru...
Triangle Utilities provides electricity for three cities. The company has four electric generators that are used to provide electricity. The main generator operates 24 hours per day, with an...
11 12 13 14 Height of a plant is regulated by: a) DNA which is directly influenced by growth hormone. b) Genes which regulate the proteins directly. Growth hormones under the influence of the enzymes...
Every business prepares its annual financial statements using the balance/balances in (a) All accounts in the ledger and the balance in the Cash account (b) In the Cash Book (c) The Trial Balance (d)...
What type of accounting error has occurred when the same payment of 32 for office cleaning is recorded twice in the Cash account? (a) Error of principle (b) Entry error (c) Entry of principle (d)...
Show that n 2 is (n).
FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beginning inventory Sale First purchase 34 units at $46 18 units at $64 23...
What has a time- and development-driven decision tree that enables the users to select a leadership style based on the situation?
In the last development of the LANCE day (previously called LANCE Day) there were very few attendees and the comments, in general, were not favorable. Therefore, they ask you to prepare the event...
What is the entry to record the subscription from highest bidder in an auction for delinquent subscription?
Afterglow.com Afterglow.com manufactures generic pharmaceutical pills in two departments, Mixing and Pill- making. Each pill contains 0.5 ounces of direct materials. Production information is as...
According to a study done by Wakeeld Research, the proportion of Americans who can order a meal in a foreign language is 0.47. (a) Suppose a random sample of 200 Americans is asked to disclose...
Prove the formula for (d/dx)(cos-1x) by the same method as for (d/dx)(sin-1x).
Preparing a balance sheet and an income statement The accounting records of Callen Incorporated reveal the following for 2007 and 2008. Callen applies U.S. GAAP , and reports its results in thousands...
Preparing a balance sheet and an income statement The following information is based on accounting data for 2007 and 2008 for ChemAsia Limited (ChemAsia), a large petrochemicals company in China....
Miscellaneous transactions and adjusting entries Assume that LJB Group (LJB). a Swiss engineering firm, engaged in the following six transactions during the year ended December 31, 2008. LJB applies...
Use long division to divide. (5x + 3x-8-7x)+(x+1)
The following is a system of two linear equations in two variables. x+ y-7 12x + 2y 14 = The graph of the first equation is the same as the graph of the second equation, so the system has-Select- x =...
1. Let f(x)= 0 - L for-x0. x for 0

What type of accounting error has occurred when ,4500 paid for purchases is not posted? (a) Double-entry

Question:

Step by Step Answer:

a D...View the full answer

Financial Accounting An Introduction

Students also viewed these Business questions