11th class Principles of Accounting chapter 14 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 14(Rectification of Errors)

This online test contains MCQs about following topics:

. Errors causing disagreement of trail balance . Errors not causing disagreement of trail balance . What to do when the trail balance does not agree? . Agreement of trail balance by opening suspense account . How the errors are rectified? . Correction of one sided errors if detected before preparation of the trail balance . Correction of two-sided errors after preparation of the trail balance but before the preparatin of the final accounts . Effect of errors on the final accoutns or the financial statements

ICOM Part 1 Accounting Ch 14 Test

Start Accounting Ch 14 Test

ICOM Part 1 English Medium Subjects

Principles of Accounting

Principles of Economics

Principles of Commerce

ICOM Part 1 Urdu Medium Subjects

Principles of Commerce

Principles of Economics

Principles of Accounting

Top Scorers Of Chapter 14 "Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test" MCQ`s Test

H

Happy Mohammad 03 - Jun - 2022 02 Min 03 Sec 14/15
A

Arzoo Qaiser 31 - Jan - 2026 02 Min 09 Sec 14/15
A

Abubaker 24 - Apr - 2026 08 Min 00 Sec 14/15
H

hamza abid 18 - Aug - 2021 10 Min 50 Sec 14/15
I

Iffat Sani 20 - Jan - 2022 02 Min 23 Sec 13/15
S

Sana Shah 15 - Jun - 2022 02 Min 04 Sec 12/15
N

Niaz 11 - Oct - 2022 03 Min 09 Sec 12/15
Z

Zohaib motivation 20 - May - 2024 04 Min 42 Sec 12/15
Z

Zafar Ali 28 - May - 2024 00 Min 08 Sec 11/15
M

Maryam Nazar 21 - Apr - 2026 03 Min 49 Sec 11/15
M

Muhammad Muntazir 16 - Apr - 2022 11 Min 13 Sec 11/15
A

Abdullah Zafar 22 - Sep - 2023 02 Min 06 Sec 10/15
K

kalsoom 11 - Jan - 2024 03 Min 37 Sec 10/15
R

Rabia Javaid 11 - Mar - 2023 06 Min 12 Sec 10/15
Z

Zain 09 - Jul - 2021 04 Min 21 Sec 9/15

ICom Part 1 Principles of Accounting Chapter 14 Important MCQ's

Sr.#	Question	Answer
1	If a liability is recorded as income, it will be considered as	A. Error of commission B. Error of omission C. Error of Principle D. None of these
2	A sale of Rs. 1000 to Farid, was credited to his account, it will affect	A. Sales account B. Farid account C. Cash account D. Both a & b
3	If there is any error in Bank account it will affect	A. Trading and profit and loss account B. Profit and loss account C. Trading account D. Balance sheet
4	Errors, which do not affect on profit calculation, will have an effect only on	A. Trail balance B. Balance sheet C. Profit or loss account D. Trading account
5	Wages paid for the erection of machine debited to wages account is an example of	A. Error of omission B. Error of commission C. Error of principle D. None of these
6	Errors of omission affects	A. One account B. Two account C. Three account D. None of these
7	Error of carry forward will affect	A. Personal accounts B. Nominal accounts C. Impersonal accounts D. None of these
8	Error which affects profit and loss account relates to	A. Nominal account B. Property account C. Personal account D. None of these
9	Errors of affect one account can be	A. Errors of principle B. Errors of posting C. Errors of omission D. None of these
10	When balance of suspense account has debit balance it will be shown in balance sheet on	A. Liability side B. Capital side C. Asset side D. Credit side

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

First Year Principles of Accounting Chapter 14 Online MCQ Test for 1st Year Principles of Accounting Chapter 14 (Rectification of Errors)

ICOM Part 1 English Medium Subjects

ICOM Part 1 Urdu Medium Subjects

MCQ's Test For Chapter 14 "Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test"

Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

Error which affects profit and loss account relates to

Errors of affect one account can be

If the balance of suspense account is credit then it will be shown in balance sheet on

A sale of Rs. 1000 to Farid, was credited to his account, it will affect

Transportation cost paid for the purchases of Machinery must be debited to

The process of totaling the data at the end of the period is called

If amount for Rs. 554 recovered from Ali, previously written off as bad debts we should

Error of carry forward will affect

If any income omitted to be recorded it will

Errors, which do not affect on profit calculation, will have an effect only on

Errors is casting of subsidiary books are called as

When balance of suspense account has debit balance it will be shown in balance sheet on

If a liability is recorded as income, it will be considered as

If any expense omitted to be recorded it will

Wages paid for the erection of machine debited to wages account is an example of

Prepare Complete Set Wise Chapter 14 "Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test" MCQs Online With Answers

Set 1

Set 2

Topic Test

11th Principles of Accounting Chapter 14 Test

Top Scorers Of Chapter 14 "Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test" MCQ`s Test

ICom Part 1 Principles of Accounting Chapter 14 Important MCQ's

Test Questions

Is this page helpful?

Share your comments & questions here

Guest User