When an accounting principle is violated while recording a transaction in the books of account is an example of ________.
Errors of principles
Errors of Commission
Errors of omission
Error of posting
Repair to machinery debited to machinery Account is:
Error of principle
Error in posting
Error in recording
Compensating error
Goods sold Rs. 500/- is omitted to record the books of accounts are examples of _____
Errors of commission
Duplicating error
Errors of Omission
If suspense account does not balance off even after rectification of errors it implies that
There are some one sided error only in the books yet to be located
There are no more error yet to be located
There are some two sided errors only yet to be located
There may be both one sided errors and two sided errors yet to be located
Repairs to machinery debited to machinery Account is
Compensatory error
Which of the following is not an error of principle.
Purchase of furniture debited to purchase account
Repairs on the overhandling of second hand machinery purchased debited to repairs a/c
Cash received from Padmanabham posted to Karthik
Sale of old car canceled to sales account.
When sale of goods is not recorded it is ____.
An error in posting
Error of omission
Error of Commission
Error of principle.
If two sides of trial Balance shows an equal balance it is presumed that the ________ to the ledger are accurate.
Balancing
Posting
Journalising
None of these
Which of the following error does not affect the trial balance.
Error in casting
Error of partial omission
Error in principle
All of above
_______ account is used for rectifying the one sided errors only.
Suspense
Capital
Trial balance