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Question-1
Under ______ method, the debit and credit total of each account are shown in two respective amount column.
(A)
Gross Trial Balance
(B)
Total amount
(C)
Both a and b
(D)
None of these
Question-2
Journal entries passed to correct an error is called
(A)
Closing entry
(B)
Adjusting entry
(C)
Transfer entry
(D)
Rectification entry
Question-3
If a wrong amount is posted it will not detect through trial balance is an error of _______.
(A)
Omission
(B)
Commission
(C)
Principle
(D)
Duplication
Question-4
When an accounting principle is violated while recording a transaction in the books of account is an example of ________.
(A)
Errors of principles
(B)
Errors of Commission
(C)
Errors of omission
(D)
Error of posting
Question-5
If suspense account does not balance off even after rectification of errors it implies that
(A)
There are some one sided error only in the books yet to be located
(B)
There are no more error yet to be located
(C)
There are some two sided errors only yet to be located
(D)
There may be both one sided errors and two sided errors yet to be located
Question-6
Total Amount method of preparing trial balance is other wise known as ________.
(A)
Gross trial balance method
(B)
Total cum balance method
(C)
Balance method
(D)
None of these
Question-7
Statement prepared to verify the correctness of ledger posting is termed as ________.
(A)
Journal
(B)
Ledger
(C)
Trial Balance
(D)
Balance Sheet
Question-8
Trial Balance is _________.
(A)
Account
(B)
Statement
(C)
Both a and b
(D)
None of these
Question-9
A trial Balance is prepared
(A)
To check the arithmetical accuracy of ledger account
(B)
To help in locating errors
(C)
To help preparation of final accounts
(D)
All of these
Question-10
When two mistakes will nullify the effect of each other, such error are termed as _________.
(A)
Errors of posting
(B)
Errors of duplication
(C)
Compensating error
(D)
Errors of principle
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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