Give the rectifying entry for furniture purchased wrongly debited to purchase A/c.
Purchase a/c or To furniture
Purchases a/c or To cash
Furniture a/c or To Cash
Furniture a/c or To purchases
Trial Balance is _________.
Account
Statement
Both a and b
None of these
Which of the following errors will be rectified through Suspense account.
Sales return book under cash by Rs. 1000.
sales return by Madhu Rs. 1000 not recorded
Sales return by Madhu Rs.1000 recorded as Rs.100
Sales return by Madhu Rs. 1000 recorded through purchase return book
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
Which of the following is not an error of commission.
Over drafting of sales book
Credit sales to Ramesh Rs.5,000 credited to his account
Wrong balancing of machinery account
Cash sales not recorded in cash book
Which of the following is not an error of principle.
Purchase of furniture debited to purchase account
Repairs on the overhandling of second hand machinery purchased debited to repairs a/c
Cash received from Padmanabham posted to Karthik
Sale of old car canceled to sales account.
Agreement of trial balance is affected by :
One sided errors only
Two sided error only
When two mistakes will nullify the effect of each other, such error are termed as _________.
Errors of posting
Errors of duplication
Compensating error
Errors of principle
Which of the following errors will be rectified through suspense account.
Sales return book under cast by Rs. 1,000
Sales return by Madhu Rs. 1,000 not recoded
Sales return by Madhu Rs. 1,000 recorded as Rs. 100
Sales return by Madhu Rs.1,000 recorded through purchase return book
Which of the following error does not affect the trial balance
Error in casting
Error of partial omission
Error in principle
All of these
