AIPB Mastering Correction of Accounting
Errors Test Review | Latest Update
2025/2026 | Graded A+ and Verified Answers
Trial Balance Errors (30 Questions)
QUESTION 1: What type of error occurs when a $250 expense is recorded as $2,500?
Answer: Slide error
Rationale: A slide error involves shifting the decimal point, altering the amount’s magnitude ().
QUESTION 2: What is the likely cause of a trial balance with a $360 difference divisible by 9?
Answer: Transposition error
Rationale: A transposition error (e.g., $630 as $360) results in a difference divisible by 9 ().
QUESTION 3 (Scenario-Based): A trial balance shows Accounts Receivable with a credit
balance of $1,500. What type of error is this?
Answer: Incorrect balance type
Rationale: Accounts Receivable typically has a debit balance; a credit balance indicates a
posting error ().
QUESTION 4: How can you detect a debit recorded as a credit in a trial balance?
Answer: Difference divisible by 2
Rationale: Reversing a debit and credit doubles the error, making the difference divisible by 2
().
QUESTION 5 (Select All That Apply): Which errors cause a trial balance imbalance? Select all
that apply: Transposition, Classification, Omission, Slide, Posting to wrong account.
Answer: Transposition, Omission, Slide
Rationale: These errors affect debit/credit totals. Classification and wrong account posting don’t
cause imbalances ().
,QUESTION 6: What type of error occurs when a transaction is not recorded at all?
Answer: Omission error
Rationale: An omission error involves failing to record a transaction ().
QUESTION 7 (Scenario-Based): A trial balance shows Accumulated Depreciation with a debit
balance of $4,000. What is the likely error?
Answer: Incorrect balance type
Rationale: Accumulated Depreciation should have a credit balance; a debit balance suggests a
misposting ().
QUESTION 8: What type of error involves recording a rent expense as an insurance expense?
Answer: Classification error
Rationale: A classification error involves posting to the wrong account type ().
QUESTION 9 (Select All That Apply): Which methods detect trial balance errors? Select all
that apply: Reviewing account balances, Comparing with prior periods, Checking source
documents, Using incorrect estimates, Analyzing financial statements.
Answer: Reviewing account balances, Comparing with prior periods, Checking source
documents
Rationale: These methods identify discrepancies. Incorrect estimates and financial statements
are less direct ().
QUESTION 10 (Scenario-Based): A trial balance is out of balance by $450, divisible by 9.
What is the likely error?
Answer: Transposition error
Rationale: A difference divisible by 9 suggests a transposition error, such as $540 as $450 ().
QUESTION 11: What type of error occurs when depreciation is calculated using a 4-year life
instead of a 5-year life?
Answer: Improper accounting estimate
Rationale: Incorrect useful life is an estimation error ().
, QUESTION 12: How can you identify a slide error in a trial balance?
Answer: Check for decimal point shifts
Rationale: Slide errors involve incorrect decimal placement, detectable by reviewing amounts ().
QUESTION 13 (Scenario-Based): A trial balance is out of balance by $200, divisible by 2.
What is a possible cause?
Answer: Debit recorded as credit
Rationale: A debit recorded as a credit causes a difference divisible by 2 ().
QUESTION 14 (Select All That Apply): Which errors do not cause a trial balance imbalance?
Select all that apply: Transposition, Classification, Omission, Double posting, Incorrect balance
type.
Answer: Classification
Rationale: Classification errors affect account types but not totals. Others cause imbalances ().
QUESTION 15: What type of error occurs when a $1,000 payment is recorded as $100?
Answer: Slide error
Rationale: A slide error involves a decimal point shift ().
QUESTION 16 (Scenario-Based): A trial balance shows Unearned Revenue with a debit
balance of $2,000. What type of error is this?
Answer: Incorrect balance type
Rationale: Unearned Revenue should have a credit balance; a debit balance indicates a posting
error ().
QUESTION 17 (Select All That Apply): Which errors affect trial balance totals? Select all that
apply: Omission, Classification, Double posting, Posting to wrong account, Transposition.
Answer: Omission, Double posting, Transposition
Rationale: These errors impact debit/credit totals. Classification and wrong account posting
don’t affect balance ().
QUESTION 18: What is the term for an error where a transaction is recorded twice?
Answer: Double posting
Rationale: Double posting involves entering a transaction more than once ().
Errors Test Review | Latest Update
2025/2026 | Graded A+ and Verified Answers
Trial Balance Errors (30 Questions)
QUESTION 1: What type of error occurs when a $250 expense is recorded as $2,500?
Answer: Slide error
Rationale: A slide error involves shifting the decimal point, altering the amount’s magnitude ().
QUESTION 2: What is the likely cause of a trial balance with a $360 difference divisible by 9?
Answer: Transposition error
Rationale: A transposition error (e.g., $630 as $360) results in a difference divisible by 9 ().
QUESTION 3 (Scenario-Based): A trial balance shows Accounts Receivable with a credit
balance of $1,500. What type of error is this?
Answer: Incorrect balance type
Rationale: Accounts Receivable typically has a debit balance; a credit balance indicates a
posting error ().
QUESTION 4: How can you detect a debit recorded as a credit in a trial balance?
Answer: Difference divisible by 2
Rationale: Reversing a debit and credit doubles the error, making the difference divisible by 2
().
QUESTION 5 (Select All That Apply): Which errors cause a trial balance imbalance? Select all
that apply: Transposition, Classification, Omission, Slide, Posting to wrong account.
Answer: Transposition, Omission, Slide
Rationale: These errors affect debit/credit totals. Classification and wrong account posting don’t
cause imbalances ().
,QUESTION 6: What type of error occurs when a transaction is not recorded at all?
Answer: Omission error
Rationale: An omission error involves failing to record a transaction ().
QUESTION 7 (Scenario-Based): A trial balance shows Accumulated Depreciation with a debit
balance of $4,000. What is the likely error?
Answer: Incorrect balance type
Rationale: Accumulated Depreciation should have a credit balance; a debit balance suggests a
misposting ().
QUESTION 8: What type of error involves recording a rent expense as an insurance expense?
Answer: Classification error
Rationale: A classification error involves posting to the wrong account type ().
QUESTION 9 (Select All That Apply): Which methods detect trial balance errors? Select all
that apply: Reviewing account balances, Comparing with prior periods, Checking source
documents, Using incorrect estimates, Analyzing financial statements.
Answer: Reviewing account balances, Comparing with prior periods, Checking source
documents
Rationale: These methods identify discrepancies. Incorrect estimates and financial statements
are less direct ().
QUESTION 10 (Scenario-Based): A trial balance is out of balance by $450, divisible by 9.
What is the likely error?
Answer: Transposition error
Rationale: A difference divisible by 9 suggests a transposition error, such as $540 as $450 ().
QUESTION 11: What type of error occurs when depreciation is calculated using a 4-year life
instead of a 5-year life?
Answer: Improper accounting estimate
Rationale: Incorrect useful life is an estimation error ().
, QUESTION 12: How can you identify a slide error in a trial balance?
Answer: Check for decimal point shifts
Rationale: Slide errors involve incorrect decimal placement, detectable by reviewing amounts ().
QUESTION 13 (Scenario-Based): A trial balance is out of balance by $200, divisible by 2.
What is a possible cause?
Answer: Debit recorded as credit
Rationale: A debit recorded as a credit causes a difference divisible by 2 ().
QUESTION 14 (Select All That Apply): Which errors do not cause a trial balance imbalance?
Select all that apply: Transposition, Classification, Omission, Double posting, Incorrect balance
type.
Answer: Classification
Rationale: Classification errors affect account types but not totals. Others cause imbalances ().
QUESTION 15: What type of error occurs when a $1,000 payment is recorded as $100?
Answer: Slide error
Rationale: A slide error involves a decimal point shift ().
QUESTION 16 (Scenario-Based): A trial balance shows Unearned Revenue with a debit
balance of $2,000. What type of error is this?
Answer: Incorrect balance type
Rationale: Unearned Revenue should have a credit balance; a debit balance indicates a posting
error ().
QUESTION 17 (Select All That Apply): Which errors affect trial balance totals? Select all that
apply: Omission, Classification, Double posting, Posting to wrong account, Transposition.
Answer: Omission, Double posting, Transposition
Rationale: These errors impact debit/credit totals. Classification and wrong account posting
don’t affect balance ().
QUESTION 18: What is the term for an error where a transaction is recorded twice?
Answer: Double posting
Rationale: Double posting involves entering a transaction more than once ().
