Book keeping controls

A modern office setting where a person is studying bookkeeping, with accounting books, a calculator, and notes around them. The atmosphere is focused and educational, conveying the seriousness of financial education.

Mastering Bookkeeping Controls Quiz

Test your knowledge on bookkeeping controls with our engaging quiz! This quiz is designed to challenge your understanding of various bookkeeping concepts and errors that may occur in accounting. Perfect for students, professionals, or anyone looking to refine their skills!

5 thought-provoking questions
Multiple choice and checkbox formats
Learn about trial balance, VAT, and accounting errors

5 Questions1 MinutesCreated by BalancingBooks101

Which 2 of these errors are not disclosed by the trial balance?

Error of omission

Double Debit

Error of principle

Unbalanced double entry

Which of these payment methods will reduce funds on the day of payment? (choose 2)

BACS

CHAPS

Cheque

Debit card

Which one of these errors WILL effect the trial balance?

The purchase of a delivery vehicle has been credited to the bank account and debited to vehicle expenses. (error of Commission)

Cash drawings have been debited to the cash account and credited to the drawings account ( reversal of entries)

Purchases have been correctly recorded in the VAT account and PLCA but credited to the purchases account (unbalanced double entry)

Discount received have been completely left out of the accounts. (error of omission)

Which of these describes an error of Principle?

Heating and lighting expenses have been recorded in the offices expenses category.

Heating and lighting expenses have been recorded in he purchases day book

Heating and Lighting expenses have been left out of the accounts.

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Book keeping controls

Mastering Bookkeeping Controls Quiz

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