Which of These Is Not a Possible Source of Error

question 2

Multiple Choice

Which of these is not a possible source of error in calculating closing inventory?

• A) An incorrect cut-off between accounting periods.
• B) Mistakes in counting during the stocktake.
• C) Mistakes in the price at which the goods are sold to customers.
• D) Mistakes in dealing with goods on consignment.

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Definitions:

Unused Closet

A storage space within a building that is currently not being used to store items or belongings.

Alphabetical Order

The arrangement of words or phrases by the sequence of their first letters or characters.

Hyphenated Name

A personal name consisting of two or more words joined by a hyphen, often used to combine surnames or given names.

Prefix

A series of letters placed before a word to modify its meaning or create a new word, commonly used in the English language and in scientific terminology.