MCQs for Competitive Exams | Free Quiz Practice - Test Your Skills Quiz & MCQs
  • Categories
    Popular Categories
    • Accounting
    • Agriculture
    • Auditing
    • Biology
    More Categories
    • Chemistry
    • Computer
    • Economics
    • Engineering
    Explore More

    Looking for specific topics or want to browse all categories?

    All Categories
  • Quizzes
  • Leaderboard
Login Register
  1. Home
  2. Questions
  3. Accounting
  4. Goods sent on approval basis’ have been recorded...

Question #73074

Accounting

Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________?


Options:

Answer: Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of Error of principle.

Related Questions

  • If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be _____________?
  • When an essential information for calculation of income statement is missing, then the costs that can be considered for this purpose is called _____________?
  • In the ‘specification analysis’, the assumptions related to residuals states must be __________?
  • The corporate sustaining costs and distribution channel costs are also classified as ___________?
  • Which of the following can be considered as the most important phase of accounting cycle and it is the primarily objective of financial accounting?

Category

Browse More Accounting Questions

Test Your Knowledge

Want to practice more questions like this? Take a quiz in this category!

Take a Quiz

Share This Question

Report Question Issue
Quiz & MCQs

The best platform to test your knowledge with interactive quizzes, track your progress, and compete with friends.

Quick Links
  • Home
  • Categories
  • Quizzes
  • Leaderboard
Support
  • About Us
  • Contact Us
  • Advertise
  • Feedback
Legal
  • Terms of Service
  • Privacy Policy
  • Widgets
  • Team

© 2025 JobsAlert.pk. All rights reserved.

Made with in Pakistan