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1. Errors that occur after posting....
A
Correcting Entry
B
Fix the GJ
C
Write a note
2. If a transaction was erroneously recorded on the credit...
A
Another credit is required
B
A debit must be recorded to the same account
C
Erase the entry
3. The purpose of the trial balance is to....
A
Validate the posting process
B
Validate the accounting equation
C
Review the GL
4. If the entry is for the wrong amount
A
1st determine if the entry have been posted
B
Write the correct number beside
C
A correcting entry is needed
5. When errors are detected
A
1st review the ledger
B
1st review your trial balance
C
1st review the GL
6. There are various types of errors such as....
A
Transposition error
B
Visial error
C
None
7. Transposition error is....
A
Duplicate numbers
B
Digits that were reversed
C
Move decimal point