O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2011 · Q121 Mark
Which is an example of a compensating error?
Apayment for motor vehicle repairs is debited to the motor vehicles account.
Bpurchase of goods from C Jones is credited to the account of C Johns.
Csale of goods, $65, to A Aziz is entered in the books as $56.
DThe wages account is undercast by $100 and the rent account is overcast by $100.
✓ Correct answer
D: The wages account is undercast by $100 and the rent account is overcast by $100.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.
Sign up free →