Smartindia Classroom
CONTENTS
Accountancy
Business Studies
Computer Science
English I
Economics
English II
Back to home
Start Practice
Question-1
_______ account is used for rectifying the one sided errors only.
(A)
Suspense
(B)
Capital
(C)
Trial balance
(D)
None of these
Question-2
If errors are not located before the preparation of trial balance in such a case ______ are not required
(A)
Rectifying entries
(B)
Adjusting entries
(C)
Opening entries
(D)
Closing entries
Question-3
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-4
An error which occur simultaneously in two account as one account has been wrongly debited and another account has been wrongly credited is known as _______ errors.
(A)
One sided
(B)
Two sided
(C)
None of these
(D)
All of these
Question-5
________ 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-6
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-7
Repairs to machinery debited to machinery Account is
(A)
Errors of principle
(B)
Error in posting
(C)
Error in recording
(D)
Compensatory error
Question-8
Undercasting of sales book is corrected by ___________
(A)
Debiting sales a/c
(B)
Debiting personal a/c
(C)
Crediting sales a/c
(D)
None of these
Question-9
If a mistake is committed unintentionally or innocently due to ignorance of accounting principles or due to earliness of an accountant such mistake are called ________
(A)
Fraud
(B)
Error
(C)
Both of these
(D)
None of these
Question-10
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.
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
