A mistake of committed intentionally by an accountant to defraud others are called as ________.
Fraud
Mistake
None of these
All of these
Balance method of preparing trial balance is other wise known as __________.
Net trial balance
Gross trial balance
Net cum balance method
Give rectification entry for machinery sold wrongly credited to sales a/c.
Cash a/c or To sales a/c
Cash a/c Or To machinery a/c
Machinery a/c or To sales
Sales a/c or To machinery
If the trial balance agrees. It implies that ___________
There is no error in the books
There may be two sided errors in the book
There may be one sided errors in the book
There may be both two sided and one sided in the books
Which of the following is not an error or principle
Purchase of furniture debited to purchase account
Repairs on the over handling of second hand machinery purchased debited to repairs account
Cash received from Manoj posted to Saroj
sale of old car credited to sales account
If Suspense account shows debit balance it will be shown in the __________ side of balance sheet.
Asset
Liabilities
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
When sale of goods is not recorded it is ____.
An error in posting
Error of omission
Error of Commission
Error of principle.
________ errors will affect the total of trial balance .
Two sided error
One sided error
Both of these
Repairs to machinery debited to machinery Account is
Error of principle
Error in posting
Error in recording
Compensatory error
