Which of the Following Is Not an Example of an Accounting

question 44

Multiple Choice

Which of the following is not an example of an accounting error, as distinguished from a change in accounting principle or change in estimate?

• A)Failure to recognize accruals and deferrals.
• B)Misstatement of an accounting value, such as inventory, deferred charge or credit, liabilities, or owners' equity.
• C)Incorrect classification of expenditure as between expense and an asset.
• D)Incorrect or unrealistic allocations of accounting values.
• E)Recognition of a gain on disposal of fully depreciated property.