[{"id":99381,"question":"If any income omitted to be recorded it will","choices":[{"text":"Overstate the profit","value":"A"},{"text":"Understate the profit","value":"B"},{"text":"Both a & b","value":"C"},{"text":"having no effect on profit","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99380,"question":"If any expense omitted to be recorded it will","choices":[{"text":"Overstate the profit","value":"A"},{"text":"Understate the profit","value":"B"},{"text":"Both a & b","value":"C"},{"text":"No effect on profit","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99379,"question":"If there is any error in Bank account it will affect","choices":[{"text":"Trading and profit and loss account","value":"A"},{"text":"Profit and loss account","value":"B"},{"text":"Trading account","value":"C"},{"text":"Balance sheet","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99378,"question":"The credit purchases were wrongly recorded in sales book, the rectification of entry","choices":[{"text":"Increase the net profit by double amount","value":"A"},{"text":"Decrease the net profit by double amount","value":"B"},{"text":"Decrease the net profit","value":"C"},{"text":"Increase the net profit","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99377,"question":"Error of carry forward will affect","choices":[{"text":"Personal accounts","value":"A"},{"text":"Nominal accounts","value":"B"},{"text":"Impersonal accounts","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99376,"question":"Transportation cost paid for the purchases of Machinery must be debited to","choices":[{"text":"Transportation cost account","value":"A"},{"text":"Purchases account","value":"B"},{"text":"Machinery account","value":"C"},{"text":"Cash account","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99375,"question":"Errors of omission affects","choices":[{"text":"One account","value":"A"},{"text":"Two account","value":"B"},{"text":"Three account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99374,"question":"Errors is casting of subsidiary books are called as","choices":[{"text":"Error of omission","value":"A"},{"text":"Compensating error","value":"B"},{"text":"Error of posting","value":"C"},{"text":"Clerical errors","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99373,"question":"If a liability is recorded as income, it will be considered as","choices":[{"text":"Error of commission","value":"A"},{"text":"Error of omission","value":"B"},{"text":"Error of Principle","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99372,"question":"The process of totaling the data at the end of the period is called","choices":[{"text":"Posting","value":"A"},{"text":"Casting","value":"B"},{"text":"Compensating","value":"C"},{"text":"Recording","value":"D"},{"value":"E"}],"correctAnswer":2}]