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Question-1
Which of the following errors will be rectified through Suspense account.
(A)
Sales return book under cash by Rs. 1000.
(B)
Sales return by Madhu Rs. 1000 not recorded
(C)
Sales return by Madhu Rs.1000 recorded as Rs.100
(D)
Sales return by Madhu Rs. 1000 recorded through purchase return book
Question-2
Agreement of trial balance is affected by :
(A)
One sided errors only
(B)
Two sided error only
(C)
Both a an b
(D)
None of these
Question-3
Trial Balance is _________.
(A)
Account
(B)
Statement
(C)
Both a and b
(D)
None of these
Question-4
If the trial balance agrees. It implies that ___________
(A)
There is no error in the books
(B)
There may be two sided errors in the book
(C)
There may be one sided errors in the book
(D)
There may be both two sided and one sided in the books
Question-5
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-6
Repair to machinery debited to machinery Account is:
(A)
Error of principle
(B)
Error in posting
(C)
Error in recording
(D)
Compensating error
Question-7
If Suspense account shows debit balance it will be shown in the __________ side of balance sheet.
(A)
Asset
(B)
Liabilities
(C)
None of these
(D)
All of these
Question-8
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-9
New account opened to make the trial balance tally is called _______.
(A)
Suspense a/c
(B)
Errors a/c
(C)
Adjusting entry
(D)
Closing entries
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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