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Question-1
Goods sold Rs. 500/- is omitted to record the books of accounts are examples of _____
(A)
Errors of commission
(B)
Errors of principles
(C)
Duplicating error
(D)
Errors of Omission
Question-2
Which of the following is not an error or principle
(A)
Purchase of furniture debited to purchase account
(B)
Repairs on the over haling of second hand machinery purchased debited to repairs account
(C)
Cash received from Manoj posted to Saroj
(D)
Sale of old car credited to sales account
Question-3
Trial Balance is _________.
(A)
Account
(B)
Statement
(C)
Both a and b
(D)
None of these
Question-4
Which of the following error does not affect the trial balance
(A)
Error in casting
(B)
Error of partial omission
(C)
Error in principle
(D)
All of these
Question-5
___________ forms a connecting link between the ledger account and the final account.
(A)
Journal
(B)
Ledger
(C)
Trial balance
(D)
Balance sheet
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
A trial balance is prepared :
(A)
After preparation of financial statement
(B)
After recoding transactions in subsidiary books
(C)
After posting to ledger is complete
(D)
After posting to ledger is complete and accounts have been balanced.
Question-8
When the net result of all errors is nil, it is called
(A)
Error of omission
(B)
Error of commission
(C)
Error of principle
(D)
Compensating error
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
If two sides of trial Balance show equal balance it is presumed that the ________ to the ledger are accurate.
(A)
Balancing
(B)
Posting
(C)
Journalising
(D)
None of these
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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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