Accounting Test Easy Mode With Answers

Accounting Test Easy Mode

Sr. # Questions Answers Choice
1 Goods sold to Ali for Rs. 50,000 recorded in purchases day book will affect purchases A/c sales account purchases, sales & Ali account purchases & sales account
2 The process of totaling the data at the end of the period is called posting casting compensating recording
3 Suspense means certainty uncertainty surly none of these
4 Wrong allocation of capital and revenue items of expenses represents error of casting error of principle compensation error error of commission
5 An error completely omitted to be entered in the journal partial error error of posting error of casting complete error
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