Practice - How to Detect Errors?
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Practice Questions
Test your understanding with targeted questions
What is an error of omission?
💡 Hint: Think about what happens when something is forgotten.
Name one type of error.
💡 Hint: Consider how mistakes can be made during recording.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main purpose of the trial balance?
💡 Hint: What does the trial balance help verify?
True or False: Errors of principle are mistakes made when recording transactions.
💡 Hint: Think about if the principle guides how transactions should be recorded.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Given a trial balance where total debits are $20,000 and credits are $18,000, identify potential discrepancies and provide corrective actions.
💡 Hint: Investigate the ledger entries to identify what might be missing or incorrectly recorded.
A company's ledger has recorded a total of $1,500 for expenses, but the trial balance shows $1,700 in expenses. Determine what type of error may have occurred and suggest how to correct it.
💡 Hint: Re-check the addition for each expense account.
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