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Question-1
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-2
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-3
Which of the following is a clerical error
(A)
Error of omission
(B)
Error of Commission
(C)
Compensating error
(D)
All the above
Question-4
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-5
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 above
Question-6
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-7
________ 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-8
When sale of goods is not recorded it is ____.
(A)
An error in posting
(B)
Error of omission
(C)
Error of Commission
(D)
Error of principle.
Question-9
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-10
When the net result of all errors is nil, it is called
(A)
Error omission
(B)
Error of commission
(C)
Error of principle
(D)
Compensating error
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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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