Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Transportation cost paid for the purchases of Machinery must be debited to	Transportation cost account Purchases account Machinery account Cash account
2	Errors of omission affects	One account Two account Three account None of these
3	Errors is casting of subsidiary books are called as	Error of omission Compensating error Error of posting Clerical errors
4	If a liability is recorded as income, it will be considered as	Error of commission Error of omission Error of Principle None of these
5	The process of totaling the data at the end of the period is called	Posting Casting Compensating Recording

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