Types And Treatment Of Errors And Uses Of Suspense Account - Accountsprinciplesofaccounts Jamb Past Questions and Answers

Question 6 :

• JAMB 1999

A bookkeeping error occurs when there is?

A. A deliberate manipulation of records
B. Unintentional correct posting in the ledger
C. Intentional failure to record transactions completely
D. Incorrect records and oversights that are not intended

Question 7 :

• JAMB 2004

A debit in the suspense accounting will appear in the balance sheet as?

A. A current asset
B. A current lability
C. Capital
D. Drawings

Question 8 :

• JAMB 2005

Mr Bassey purchased a motor vehicle for use in his business and debited the purchases account with the same value. This is an error of?

A. Omission
B. Principle
C. Commission
D. Original entry

Question 9 :

• JAMB 2006

Adaobi mistakenly entered N7000 as credit sales in Abba's account. This is?

A. An error of principles
B. A compensating error
C. An error of commission
D. An error omission

Question 10 :

• JAMB 2010

If salary account is debited instead of stationary account, the error committed is that of?

A. Commission
B. Omission
C. Principle
D. Compensation