Goods sold Rs. 500/- is omitted to record the books of accounts are examples of _______.
Errors of commission
Errors of principles
Duplicating error
Errors of Omission
When sale of goods is not recorded it is ____.
An error in posting
Error of omission
Error of Commission
Error of principle.
A mistake of committed intentionally by an accountant to defraud others are called as ________.
Fraud
Mistake
None of these
All of these
An error which occur simultaneously in two account as one account has been wrongly debited and another account has been wrongly credited is known as _______ errors.
One sided
Two sided
Under casting of sales book is corrected by __________.
Debiting sales a/c
Debiting personal a/c
Crediting sales a/c
If wages paid for installation of new machinery is debited to wages Account, it is :
An error of Commission
An error of principle
A compensating error
An error of omission
Total Amount method of preparing trial balance is other wise known as ________.
Gross trial balance method
Total cum balance method
Balance method
A trial balance is prepared
After preparation of financial statement
After recording transaction in Subsidiary book
After posting to ledger is complete
After posting to ledger is complete and accounts have been balanced.
_______ account is used for rectifying the one sided errors only.
Suspense
Capital
Trial balance
Which of the following error does not affect the trial balance?
Error in casting
Error of partial omission
Error of principle
