Practice - Errors of Duplication
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Practice Questions
Test your understanding with targeted questions
What happens when a transaction is recorded twice?
💡 Hint: Think about what 'double' means in accounting.
Give an example of an error of duplication.
💡 Hint: Consider common transactions in sales.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the consequence of recording a transaction twice?
💡 Hint: Think about how duplicates affect numbers.
True or False: Errors of duplication can be harmless.
💡 Hint: Consider the importance of accuracy in accounting.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A company recorded its Q1 revenue of $10,000. Due to an oversight, the accountant listed the same revenue again. What steps should be taken to rectify this error?
💡 Hint: Focus on how you would restore accuracy.
You find that a client’s payment of $1,200 has been entered twice in the records. What is the impact on the financial statements, and how would you fix it?
💡 Hint: Think about the financial metrics affected by duplication.
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