Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	When two or more than two error occurred on the opposite side of the account and cancelled the affect of each are called	Errors of omission Compensating errors Errors of commission Errors of principle
2	Trade expenses of Rs. 180 posted in the ledger as Rs. 810, it will be considered as	Error of principle Error of omission Error of casting Error of transposition
3	If goods purchased from Rahim for Rs. 499, credited to Rehman's account for Rs. 499. this is an	Error of commission Error of principle Compensating error Error of principle
4	If a transaction has been completely omitted from the Journal it will be considered	Error of commission Error of principle Error of omission None of these
5	Error of principle arises when	Any transaction is incorrectly recorded, either wholly or partially Any transaction is left wholly or partially Any transaction is affects one account Any transaction is recorded in fundamentally incorrect manner

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