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Question-1
Finally preparation of trial balance is _________.
(A)
Compulsory
(B)
Not compulsory
(C)
Both of these
(D)
None of these
Question-2
Total Amount method of preparing trial balance is other wise known as ________.
(A)
Gross trial balance method
(B)
Total cum balance method
(C)
Balance method
(D)
None of these
Question-3
If Suspense account shows debit balance it will be shown in the __________ side of balance sheet.
(A)
Asset
(B)
Liabilities
(C)
None of these
(D)
All of these
Question-4
Balance method of preparing trial balance is other wise known as __________.
(A)
Net trial balance
(B)
Gross trial balance
(C)
Net cum balance method
(D)
None of these
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 these
Question-6
Which of the following is not an error or principle
(A)
Purchase of furniture debited to purchase account
(B)
Repairs on the over haling of second hand machinery purchased debited to repairs account
(C)
Cash received from Manoj posted to Saroj
(D)
Sale of old car credited to sales account
Question-7
Trial Balance is a tabulation of the balances of all the accounts on a ________.
(A)
Particular period
(B)
Particular date
(C)
Both of these
(D)
All of these
Question-8
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 errors in the book
(D)
There may be both two sided and one sided in the books
Question-9
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-10
Errors where transactions are totally omitted to be recorded in the journal or subsidiary book and which do not affect the agreement of trial balance is called ________.
(A)
Errors of omission
(B)
Errors of commission
(C)
Errors of principles
(D)
Errors of duplications
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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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