Aipb - Mastering Corrections Of Accounting Errors Test With The Fullest Update!!!.

Aipb - Mastering Corrections Of Accounting
Errors Test With The Fullest Update!!!




Internal Naccounting Ncontrols N...
a. Nare Npart Nof Nevery Ncompany's Naccounting Nsystem
b. Nprevent Naccounting Nerrors
c. Nguarantee Nreliable Naccounting Ninformation
d. Nhelp Nto Nensure Nthe Nreliability Nof Naccounting Ninformation N- N Ncorrect Nanswer- N
Nd. Nhelp Nto Nensure Nthe Nreliability Nof Naccounting Ninformation


Which Nof Nthe Nfollowing Nis Nnot Nused Nto Ndetect Naccounting Nerrors?
a. Nmonthly Nbank Nreconciliations
b. Nprior Nperiod Nadjustments
c. Nmonthly Ntrial Nbalances
d. Ninternal Naudits N- N Ncorrect Nanswer- N Nb. Nprior Nperiod Nadjustments

If Ndepreciation Nexpense Nof N$1,000 Nis Nposted Nas N$100, Nthis Nis N...
a. Na Ntransposition Nerror
b. Na Nclassification Nerror
c. Na Nslide Nerror
d. Nuse Nof Nan Nincorrect Naccounting Nprinciple N- N Ncorrect Nanswer- N Nc. Na Nslide
Nerror


If Na Ncompany Ncalculates Nbad Ndebt Nexpense Nat N1 N% Nof Nsales Nbut Nthe
Npercentage Nused Nwas N5% Nof Nsales, Nthis Nis N...

,a. Na Ntransposition Nerror
b. Nuse Nof Nan Nimproper Nestimate
c. Na Nslide Nerror
d. Nuse Nof Nan Nincorrect Naccounting Nprinciple N- N Ncorrect Nanswer- N Nb. Nuse Nof Nan
Nimproper Nestimate


SiliCo Npainted Nits Nbuilding Nat Na Ncost Nof N$10,000 Nand Ndecided Nto Ncapitalize Nit
N(debit NBuildings), Ninstead Nof Nexpensing Nit N(debit NRepairs Nand NMaintenance
NExpense). NThis Nis N...
a. Na Ntransposition Nerror
b. Na Nclassification Nerror
c. Nan Nimproper Nestimate
d. Nuse Nof Nan Nincorrect Naccounting Nprinciple N- N Ncorrect Nanswer- N Nd. Nuse Nof Nan
Nincorrect Naccounting Nprinciple


1A N$300 Npayment Nof Nan Nelectric Nbill Ndebited Nto NCash Nis Na(n)
N________________ Nerror. N- N Ncorrect Nanswer- N Nposting


The Ncorrection Nof Nan Nerror Nis Ndetermined Nby Nwhich N_______ Nare Naffected Nand
N_______ Nthe Nerror Nwas Nfound. N- N Ncorrect Nanswer- N Naccounts; Nwhen


The N_________ N____________ Nhelps Nto Nreveal Nerrors Nby Nverifying Nthat Ntotal
N____________ N_______________ Ndebits Nand Ncredits Nare Nin Nbalance. N- N Ncorrect
Nanswer- N Ntrial Nbalance; Nledger Naccounts


Errors Nmay Nbe Nuncovered Nin Nthe Nyear-end Nfinancial Naudit Nby Nthe
N_______________ N_____________________. N- N Ncorrect Nanswer- N Nexternal Nerror


List Nthree Nroutine Naccounting Nprocedures Nduring Nwhich Naccounting Nerrors Nmay
Nbe Ndiscovered. N
1. N__________________________________________
2. N_________________________________________
3. N_________________________________________ N- N Ncorrect Nanswer- N NAny N3
Nof Nthe Nfollowing N5 Nare Ncorrect
1. Nmonthly Nbank Nreconciliation
2. Npreparation Nof Nthe Ntrial Nbalance
3. Nreview Nof Nperiodic Nadjustments Nto Nthe Naccounts
4. Nroutine Ninternal Naudits
5. Nyear-end Nfinancial Naudit

Name Nseven Ncommon Ntypes Nof Naccounting Nerrors.
1. N________________________________________
2. N_______________________________________
3. N_______________________________________
4. N_______________________________________
5. N_______________________________________

, 6. N_______________________________________
7. N_______________________________________ N- N Ncorrect Nanswer- N NAny N7 Nof
Nthe Nfollowing N9 Nare Ncorrect
1. Nomission N(failing Nto Nrecord Nan Nevent)
2. Naccrual Nor Ndeferral Nerror
3. Nclassification Nerror
4. Narithmetic Nmistake
5. Nuse Nof Nan Nincorrect Naccounting Nprinciple
6. Nuse Nof Nan Nimproper Nestimate
7. Ntransposition
8. Nslide
9. Nposting Nerror

Which Nof Nthe Nfollowing Nis Nnot Nan Naccounting Nerror?
a. Nfailure Nto Npost Nan Nentry Nto Nthe Nproper Naccount
b. Nfailure Nto Npost Nthe Nproper Namount Nto Nan Naccount
c. Nfailure Nto Nrecord Na Ncustomer's Npayment
d. Nfailure Nto Nrecord Nthat Na Nbill Nhas Nbeen Ncontested Nby Na Ncustomer N- N Ncorrect
Nanswer- N Nd. Nfailure Nto Nrecord Nthat Na Nbill Nhas Nbeen Ncontested Nby Na Ncustomer


Your Ncompany's Npayment Nof N$500 Nwas Ndebited Nto NCash. NThis Nis N...
a. Na Nposting Nerror
b. Na Nclassification Nerror
c. Nan Narithmetic Nmistake
d. Na Nslide N- N Ncorrect Nanswer- N Na. Na Nposting Nerror

A Nrent Npayment Ncheck Nissued Nfor N$450 Nwas Nrecorded Nas Na Ncredit Nto NCash Nfor
N$540. NThis Nis N...
a. Na Nslide
b. Nan Nincorrect Naccount Nclassification
c. Nan Narithmetic Nmistake
d. Na Ntransposition Nerror N- N Ncorrect Nanswer- N Nd. Na Ntransposition Nerror

CabotCo's Naccountant Nforgot Nto Nrecord Nannual Ninterest Nexpense. NThis Nis N...
a. Na Ntransposition Nerror
b. Nan Narithmetic Nmistake
c. Nuse Nof Nan Nincorrect Naccounting Nprinciple
d. Nan Naccrual Nerror N- N Ncorrect Nanswer- N Nd. Nan Naccrual Nerror

An Naccounting Nerror Nis Ndefined Nas Nthe Nincorrect N_______ Nand N______________
Nof Nfacts Nabout Nthe Nbusiness Nthat Nexisted Nat Nthe Ntime Na(n) N_____________ Nor
N________________ Nwas Nrecorded. N- N Ncorrect Nanswer- N Nrecording; Nreporting;
Nevent; Ntransaction


Most Ndifferences Nbetween Nthe Nend-of-month Nbank Nbalance Nand Ncash Naccount
Nbalance Nare Ncaused Nby Ndifferences Nin N_______ N. N- N Ncorrect Nanswer- N Ntiming