Which of the following error does not affect the trial balance
Error in casting
Error of partial omission
Error in principle
All of these
If wages paid for installation of new machinery is debited to wages Account, it is :
An error of Commission
An error of principle
A compensating error
An error of omission
________ errors will affect the total of trial balance .
Two sided error
One sided error
None of these
Both of these
Which of the following errors will be rectified through Suspense account.
Sales return book under cash by Rs. 1000.
sales return by Madhu Rs. 1000 not recorded
Sales return by Madhu Rs.1000 recorded as Rs.100
Sales return by Madhu Rs. 1000 recorded through purchase return book
New account opened to make the trial balance tally is called
Suspense a/c
Errors a/c
Adjusting entree
closing entries
Which of the following error does not affect the trial balance.
All of above
If a transaction is recorded twice in the books of accounts, such error are called
Error of duplication
Error of Omission
Error of Commission
Error of posting
If Suspense account shows debit balance it will be shown in the __________ side of balance sheet.
Asset
Liabilities
___________ forms a connecting link between the ledger account and the final account.
Journal
Ledger
Trial balance
Balance sheet
Balance method of preparing trial balance is other wise known as
Net trial balance
Gross trial balance
Net cum balance method