Smartindia Classroom
CONTENTS
Accountancy
Business Studies
Computer Science
English I
Economics
English II
Back to home
Start Practice
Question-1
Give the rectifying entry for furniture purchased wrongly debited to purchase A/c.
(A)
Purchase a/c or To furniture
(B)
Purchases a/c or To cash
(C)
Furniture a/c or To Cash
(D)
Furniture a/c or To purchases
Question-2
Which of the following is not an error of commission.
(A)
Over drafting of sales book
(B)
Credit sales to Ramesh Rs.5,000 credited to his account
(C)
Wrong balancing of machinery account
(D)
Cash sales not recorded in cash book
Question-3
A mistake committed intentionally by an accountant to defraud others are called as ________.
(A)
Fraud
(B)
Mistake
(C)
None of these
(D)
All of these
Question-4
Two sided errors will not affect the ________
(A)
Profit and Loss A/c
(B)
Trial balance
(C)
Ledger
(D)
None of these
Question-5
If suspense account does not balance off even after reconciliation of errors, it implies that:
(A)
There are some one sided errors only in the books yet to be located
(B)
There are no more errors 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 error yet to be located
Question-6
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 error in the book
(D)
There may be both two sided and one sided errors in the books.
Question-7
A trial balance is prepared _____
(A)
After preparation of financial statement
(B)
After recording transaction in Subsidiary book
(C)
After posting to ledger is complete
(D)
After posting to ledger is complete and accounts have been balanced.
Question-8
________ errors will affect the total of trial balance .
(A)
Two sided error
(B)
One sided error
(C)
None of these
(D)
Both of these
Question-9
Which of the following errors will be rectified through suspense account.
(A)
Sales return book undercast by Rs. 1,000
(B)
Sales return by Madhu Rs. 1,000 not recoded
(C)
Sales return by Madhu Rs. 1,000 recorded as Rs. 100
(D)
Sales return by Madhu Rs.1,000 recorded through purchase return book
Question-10
Repairs to machinery debited to machinery Account is
(A)
Errors of principle
(B)
Error in posting
(C)
Error in recording
(D)
Compensatory error
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By
