Omission – NBC Institute

FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations

Listing four errors that the trial balance does not reveal.

Question

Mention FOUR errors that the trial balance will not reveal.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commission, Errors, Omission, Principle, Trial Balance
Level: Level 1

Topic: Trial Balance: Usefulness and Limitations
Series: MAY 2016

FA – May 2016 – L1 – SA – Q16 – Correction of Errors

Identifying the error committed when N120,000 wages were not recorded.

Question

Olojuede limited failed to record N120,000 wages. The error committed is that of
A. Omission
B. Commission
C. Principle
D. Compensation
E. Original entry

Answer

Find Related Questions by Tags, levels, etc.

Tags: Errors, Financial Transactions, Omission
Level: Level 1

Topic: Correction of errors
Series: MAY 2016

FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations

Listing four errors that the trial balance does not reveal.

Question

Mention FOUR errors that the trial balance will not reveal.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commission, Errors, Omission, Principle, Trial Balance
Level: Level 1

Topic: Trial Balance: Usefulness and Limitations
Series: MAY 2016

FA – May 2016 – L1 – SA – Q16 – Correction of Errors

Identifying the error committed when N120,000 wages were not recorded.

Question

Olojuede limited failed to record N120,000 wages. The error committed is that of
A. Omission
B. Commission
C. Principle
D. Compensation
E. Original entry

Answer

Find Related Questions by Tags, levels, etc.

Tags: Errors, Financial Transactions, Omission
Level: Level 1

Topic: Correction of errors
Series: MAY 2016

Question Tag: Omission

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FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations

Listing four errors that the trial balance does not reveal.

FA – May 2016 – L1 – SA – Q16 – Correction of Errors

Identifying the error committed when N120,000 wages were not recorded.

FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations

Listing four errors that the trial balance does not reveal.

FA – May 2016 – L1 – SA – Q16 – Correction of Errors

Identifying the error committed when N120,000 wages were not recorded.

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Question Tag: Omission

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FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations

Listing four errors that the trial balance does not reveal.

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FA – May 2016 – L1 – SA – Q16 – Correction of Errors

Identifying the error committed when N120,000 wages were not recorded.

You're reporting an error for "FA – May 2016 – L1 – SA – Q16 – Correction of Errors"

FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations

Listing four errors that the trial balance does not reveal.

You're reporting an error for "FA – May 2016 – L1 – SB – Q1b – Trial Balance: Usefulness and Limitations"

FA – May 2016 – L1 – SA – Q16 – Correction of Errors

Identifying the error committed when N120,000 wages were not recorded.

You're reporting an error for "FA – May 2016 – L1 – SA – Q16 – Correction of Errors"

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