Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is an Error of Omission?
💡 Hint: Think about what happens when a sale isn't logged.
Question 2
Easy
Identify an example of an Error of Duplication.
💡 Hint: Consider transaction entries that can be repetitive.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
An Error of Omission occurs when:
- A transaction is recorded incorrectly.
- A transaction is completely omitted.
- A transaction is duplicated.
💡 Hint: Think about what it means to 'omit' something.
Question 2
True or False: Compensating Errors can result in a balanced trial balance.
- True
- False
💡 Hint: Consider how errors might negate one another.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You are auditing a small business and find that sales of $2,000 were completely omitted. Explain the impact this could have on financial statements and corrective measures.
💡 Hint: Think about how omission affects overall financial health.
Question 2
A company recorded $5,000 of transactions twice in different accounts. Discuss the implications of this duplication and how to address it.
💡 Hint: Consider how double entries inflate perceived performance.
Challenge and get performance evaluation