Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Errors, which do not affect on profit calculation, will have an effect only on	Trail balance Balance sheet Profit or loss account Trading account
2	Error which affects profit and loss account relates to	Nominal account Property account Personal account None of these
3	Wages paid for the erection of machine debited to wages account is an example of	Error of omission Error of commission Error of principle None of these
4	.If the error committed in the capital account, it will affect	Trading account Profit and loss account Trading and profit and loss account Balance sheet
5	A sale of Rs. 1000 to Farid, was credited to his account, it will affect	Sales account Farid account Cash account Both a & b

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