Correction Of Errors
Bayani Gaba-gaba
Some errors politely announce themselves: the trial balance refuses to balance, and a temporary suspense account is opened to hold the difference until the mistake is found. Other errors are silent: the trial balance balances perfectly while the accounts underneath are still wrong. Both kinds have to be found and corrected through the journal.
In this lesson you will learn to tell the two kinds of error apart, correct each one with a journal entry, and prepare a suspense account that closes to zero once every correction has been posted.
Manufura
- Identify and explain errors that do and do not affect the balancing of the trial balance
- Prepare journal entries to correct errors
- Prepare a suspense account
Takardar Darasi
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Nazarin Darasi
Barka da kammala darasi akan Correction Of Errors. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- A trader debits a van purchase to motor expenses instead of motor vehicles. What type of error is this? A) Error of omission B) Error of principle C) Compensating error D) Error of commission Answer: B
- Which of these errors would cause a trial balance to fail to balance? A) Complete reversal of entries B) A compensating error C) A payment posted to the bank account but never posted to the expense account D) An error of principle Answer: C
- A suspense account has an opening debit balance of $400. A correction posts a $400 credit to suspense. What is the resulting balance? A) $800 debit B) $0 C) $400 credit D) $400 debit Answer: B
- A transaction is posted to the correct accounts but with the debit and credit on the wrong sides. To correct this, the journal entry must use: A) Half the original amount B) The original amount C) Double the original amount D) No suspense account is ever needed for this error Answer: C
- Which error occurs when a transaction is left out of the books completely? A) Error of commission B) Error of omission C) Error of original entry D) Compensating error Answer: B
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Akwai a cikin manhajar Green Bridge
Zazzage manhajar Green Bridge CBT a wayar ka ko kwamfyuta ka don samun cikakkiyar bayanan darasi, tambayoyin aiki, da ƙari.
Littattafan da ake ba da shawarar karantawa
Yi Aikin Tambayoyin Gwaji
Kana son yin aikin tambayoyin gwaji kan Correction Of Errors? Sauke manhajar Green Bridge CBT don samun tambayoyin gwaji da cikakkun jarrabawa akan wannan batu.
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Duk abin da kake buƙata don yin fice a JAMB, WAEC & NECO.
