O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2020 · Q71 Mark

Rent received from a tenant was debited to the rent receivable account and credited to the cash book. Which type of error has been made?

Acommission

Bcompensating

Ccomplete reversal

Dprinciple

✓ Correct answer

C: complete reversal

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 3, question 7.

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