O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2014 · Q121 Mark

After preparing a trial balance the following errors were discovered. Error 1: Goods returned to Ken Loo had been debited to Ken Lao. Error 2: Repairs to motor vehicles had been debited to the motor vehicles account. Which types of error have been made?

Acommission, principle

Bcompensating, reversal

Cprinciple, commission

Dreversal, compensating

✓ Correct answer

A: commission, principle

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 12.

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