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Question-1
Which of the following error does not affect the trial balance?
(A)
Error in casting
(B)
Error of partial omission
(C)
Error of principle
(D)
All of these
Question-2
In case, if errors are not located before the preparation of trial balance, which of the following is NOT required?
(A)
Rectifying entries
(B)
Adjusting entries
(C)
Opening entries
(D)
Closing entries
Question-3
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-4
When sale of good is not recorded, it is:
(A)
An error in posting
(B)
Error of omission
(C)
Error of commission
(D)
Error of principle
Question-5
Repair to machinery debited to machinery account is:
(A)
Error of principle
(B)
Error in posting
(C)
Error in recording
(D)
Compensating error
Question-6
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-7
Trial balance is:
(A)
Account
(B)
Statement
(C)
Both a and b
(D)
Ledger
Question-8
Statement prepared to verify the correctness of ledger posting is termed as:
(A)
Journal
(B)
Ledger
(C)
Trial balance
(D)
Balance sheet
Question-9
Journal entries passed to correct an error is called:
(A)
Closing entry
(B)
Adjusting entry
(C)
Transfer entry
(D)
Rectification entry
Question-10
Which of the following is NOT an error of commission?
(A)
Over drafting of sale 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
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Cambridge Advanced Grade 12
IGCSE
Practice in Related Chapters
Depreciation and Disposal of Fixed Asset
Bad Debts and Provision for Doubtful Debts
Control Accounts
Petty Cash Books
Incomplete Records
Accounts of Clubs and Societies
Partnership Accounts -PART A
Books of Prime Entry
Accounts of Manufacturing Business
Introduction to Accounting
Double Entry Book Keeping
The Trail Balance
Final Accounts
Accruals and prepayments
Accounting Rules
Bank Reconciliation Statement
Business Documents
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