-Ms. Noor is an Account Assistant of a Merchandise business in Oman. The business paid monthly salaries to all employees of OMR 7000. Ms. Noor was asked to record the transaction. But due to her busy schedule she forgot to record the entire transaction. The type of Error was committed by Ms. Noor: a. Error of Partial Omission b. Error of Principle c. Error of Transposition d. Error Complete Omission

-Ms. Noor is an Account Assistant of a Merchandise business in Oman. The business paid monthly salaries to all employees of OMR 7000. Ms. Noor was asked to record the transaction. But due to her busy schedule she forgot to record the entire transaction. The type of Error was committed by Ms. Noor: a. Error of Partial Omission b. Error of Principle c. Error of Transposition d. Error Complete Omission

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.1C

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33-Ms. Ameena is an Account Assistant of a Merchandise business in Oman. The business paid rent expense of OMR 1500. She was asked to record the transaction. But due to her busy schedule she forgot to write the entire transaction. The type of Error was committed by Ms. Ameena: a. Error of Partial Omission b. Error of Transposition c. Error of Complete Omission d. Error of Principle
Ms. Noor is an Account Assistant of a Merchandise business in Oman. The business paid monthly salaries to all employees of OMR 7000. Ms. Noor was asked to record the transaction. But due to her busy schedule she forgot to record the entire transaction. The type of Error was committed by Ms. Noor: a. Error of Principle b. Error of Transposition c. Error of Partial Omission d. Error Complete Omission
12-Mr. Amjad is an Account Assistant of a Merchandise Company in Oman. The business paid cash to Mr. Ahmed for OMR 4,000 was posted to Mr. Mohammed for OMR 4,000. Which of the following type of error was committed by Mr. Amjad ? a. Errors of Commission b. Error of Compensation c. Errors of Principle d. Errors of Complete Omission
Ms. Ameena is an Account Assistant of a Merchandise business in Oman. The business paid rent expense of OMR 1500. She was asked to record the transaction. But due to her busy schedule she forgot to write the entire transaction. The type of Error was committed by Ms. Ameena: a. Error of Transposition b. Error of Principle c. Error of Complete Omission d. Error of Partial Omission
Ms. Ameena is an Account Assistant of a Limited Liability companies in Oman. The business paid rent expense of OMR 1500. Ms. Ameena was asked to record the transactions. Due to her busy schedule she forgot to record the entire transaction. What type of Error Ms. Ameena has committed? a. Errors of Principle b. Errors of Commission c. Errors of Complete Omission d. Error of Transposition
Mr. Salman is an Accountant Assistant of a Merchandise company in Oman. The business received cash from Ms. Maya a customer of OMR 40,200 was posted to Ms. Raya a supplier account for OMR 40,200. The type of error was committed by Mr. Salman ? a. Error of Complete reversal b. Error of Compensation c. Error of Transposition d. Error of Commission
Mr. Amjad is an Account Assistant of a Merchandise Company in Oman. The business paid cash to Mr. Ahmed for OMR 4,000 was posted to Mr. Mohammed for OMR 4,000. Which of the following type of error was committed by Mr. Amjad ? a. Errors of Commission b. Errors of Complete Omission c. Errors of Principle d. Error of Compensation
29-Business paid RO 280 rent expense was wrongly entered RO 200 in both the accounts. This type of error is a. Error of Omission b. Error of Commission c. Error of transposition d. Error of Principle
The following misstatements are included in the accounting records of Westgate Manufacturing Company.1. Each month, a fraudulent receiving report is submitted to accounting by anemployee in the receiving department. A few days later, he sends Westgate an invoicefor the quantity of goods ordered from a small company he owns and operates inthe evening. A check is prepared, and the amount is paid when the receiving reportand the vendor’s invoice are matched by the accounts payable clerk.2. Telephone expense (account 2112) was unintentionally charged to repairs andmaintenance (account 2121).3. The accounts payable clerk prepares a monthly check to Story Supply Company forthe amount of an invoice owed and submits the unsigned check to the treasurer forpayment along with related supporting documents that have already been approved.When she receives the signed check from the treasurer, she records it as a debit toaccounts payable and deposits the check in a personal bank account for a…
32-After preparing the trial balance, the accountant finds that the total of debit side is OMR 125,600 and Total of Credit Side OMR 126,500. This difference should be treated before rectification of errors was a. Debit Suspense account OMR 125,600 and Credit Trial Balance OMR 126,500 b. Suspense account should be cancelled with OMR 1800 c. Debit Suspense account with OMR 900 d. Credit Suspense account with OMR 900
9-22 The following misstatements are included in the accounting records of the Jasmine Manufacturing Company:1. Several key-entry mistakes resulted in the exclusion of three invoices.2. A customer complained of having received a bill that had been paid in the past. He produced a receipt, but there was no record of the payment in the books.3. A shipment to a customer was not billed because the bill of lading was lost.4. Merchandise was shipped to a customer but no bill of lading was prepared. Because billings are prepared from bills of lading, the customer was not billed.5. Commercial and residential customers are not differentiated on bills of lading.6. Sales generated through the company’s Web site are recorded when customers place orders online.7. A shipment of goods was recorded as paid at the end of the year but was recorded as unpaid at the beginning of the next year.8. Several invoices were lost when the office moved to a new location.Requireda. Identify whether each misstatement…
The following misstatements are included in the accounting records of Westgate Manufacturing Company. Each month, a fraudulent receiving report is submitted to accounting by an employee in the receiving department. A few days later, he sends Westgate an invoice for the quantity of goods ordered from a small company he owns and operates in the evening. A check is prepared, and the amount is paid when the receiving report and the vendor’s invoice are matched by the accounts payable clerk. Telephone expense (account 2112) was unintentionally charged to repairs and maintenance (account 2121). Required: For each misstatement, identify the transaction-related audit objective that was not met. For each misstatement, state a control that should have prevented it from occurring on a continuing basis. For each misstatement, state a substantive audit procedure that could uncover it.