Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

37. Identify the different types of errors: A cheque for $188 received from a customer had been correctly entered in the cash book but posted

37\. Identify the different types of errors:

  1. A cheque for $188 received from a customer had been correctly entered in the cash book but posted to the

customer's account as $180.

a\ Error of Principle

b\ Compensating error

c\ Compensating error

d\ Errors of original entry

e\ Error of Commission

f\ Transposition error

j\ Errors of original entry

h\ Errors of omission

  1. A purchase of fittings $407 had been included in the purchases account.

a\ Errors of original entry

b\ Compensating error

c\ Error of Commission

d\ Error of Principle

  1. $300 paid by a customer, Alaya, had been credited to Allas account in error

a\ Error of Principle

b\ Compensating error

c\ Compensating error

d\ Errors of original entry

e\ Error of Commission

f\ Transposition error

g\ Errors of original entry

h\ Errors of omission

Choose the correct answer, give me the question number and the answer code.

I hope that you will help me and solve all the questions.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting Working Papers Volume 1

Authors: Belverd E. Needles

6th Edition

0618102337, 978-0618102334

More Books

Students also viewed these Accounting questions

Question

Discuss five types of employee training.

Answered: 1 week ago

Question

Identify the four federally mandated employee benefits.

Answered: 1 week ago