- 1 Marks
Question
Which of the following can be regarded as an error in bookkeeping?
A. Intentional correct posting in the ledger
B. Intentional failure to record transactions completely
C. A deliberate manipulation of records
D. Incorrect records and oversights that are not intended
E. Double entry posting in the ledger
Answer
Answer:
D. Incorrect records and oversights that are not intended
Explanation:
An error in bookkeeping typically refers to unintentional mistakes, such as incorrect records or accidental oversights. Intentional acts, such as manipulation or failure to record transactions, are considered fraud, not errors.
- Tags: Accounting, Bookkeeping, Errors
- Level: Level 1
- Topic: Correction of errors
- Series: MAY 2022
- Uploader: Kwame Aikins