| 1 |
Trade expenses of Rs. 180 posted in the ledger as Rs. 810, it will be considered as |
- A. Error of principle
- B. Error of omission
- C. Error of casting
- D. Error of transposition
|
| 2 |
Errors of omission affects |
- A. One account
- B. Two account
- C. Three account
- D. None of these
|
| 3 |
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
|
| 4 |
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
|
| 5 |
Any difference in trail balance, is transferred to |
- A. Sales account
- B. Nominal account
- C. Purchases account
- D. Suspense account
|
| 6 |
Error which affects profit and loss account relates to |
- A. Nominal account
- B. Property account
- C. Personal account
- D. None of these
|
| 7 |
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
|
| 8 |
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
|
| 9 |
If the balance of suspense account is credit then it will be shown in balance sheet on |
- A. Asset side
- B. Asset and liability side
- C. Asset and capital side
- D. Capital and liability side
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| 10 |
Errors is casting of subsidiary books are called as |
- A. Error of omission
- B. Compensating error
- C. Error of posting
- D. Clerical errors
|