vu mgt101 Lecture No.28 - Quiz No.1
vu mgt101 Financial Accounting Quiz
This quiz belongs to book/course code vu mgt101 Financial Accounting of vu organization. We have 99 quizzes available related to the book/course Financial Accounting. This quiz has a total of 8 multiple choice questions (MCQs) to prepare and belongs to topic Lecture No.28. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: there are errors in which the entry is reversed by mistake. These errors are called
Error of Omission
Reversal of Entry
Error of Principle
Error of Original Entry
Question 2: A receipt of cash Rs. 5,000 from B is recorded as Rs. 500
Error of Omission
Error of Commission
Error of Principle
Error of Original Entry
Question 3: a vehicle is recorded in an expense account. What type of error is this?
Error of Omission
Error of Commission
Error of Principle
Error of Original Entry
Question 4: One of the most common errors is that an event escapes recording
Error of Omission
Error of Commission
Error of Principle
Error of Original Entry
Question 6: The errors in which recording is in correct account but the figure is incorrect are called
Error of Omission
Error of Commission
Error of Principle
Error of Original Entry
Question 8: Mr. A, who is a debtor, is recorded in the account of Mr. B, who is also a debtor. Now the classification is correct but entry is posted in the wrong account. Such errors are called
Error of Omission
Error of Commission
Error of Principle
Error of Original Entry
