Question

2

Drag the tiles to the boxes to form correct pairs.
Match the postings in the book of accounts by Ethan to the errors committed by him.
transposition
omission
reversal of entries
original entry
Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500.
Ethan records stationery expenses as $251, but it should have been $215.
Ethan records salaries of $5,000 as credits instead of debits.
Ethan made a subtraction error while analyzing the profit on the sale of an asset.
Ethan completely overlooked stationery expenses of $115.
calculation

Answer 1

Ethan's errors in the book of accounts match with different types of accounting errors: original entry, transposition, reversal of entries, calculation, and omission.

Step-by-step explanation:

When matching the postings in the book of accounts made by Ethan to the errors he committed, we have the following pairs:

• Original entry error: Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500.
• Transposition error: Ethan records stationery expenses as $251, but it should have been $215.
• Reversal of entries: Ethan records salaries of $5,000 as credits instead of debits.
• Calculation error: Ethan made a subtraction error while analyzing the profit on the sale of an asset.
• Omission error: Ethan completely overlooked stationery expenses of $115.