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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
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test
Try the Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test.
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test
00:00
Question # 1
Errors, which do not affect on profit calculation, will have an effect only on
Question # 2
Errors of omission affects
Question # 3
If any income omitted to be recorded it will
Question # 4
If any expense omitted to be recorded it will
Question # 5
Errors is casting of subsidiary books are called as
Question # 6
Error of principle arises when
Question # 7
If there is any error in Bank account it will affect
Question # 8
If amount for Rs. 554 recovered from Ali, previously written off as bad debts we should
Question # 9
The credit purchases were wrongly recorded in sales book, the rectification of entry
Question # 10
Error of carry forward will affect
Question # 11
Trade expenses of Rs. 180 posted in the ledger as Rs. 810, it will be considered as
Question # 12
When balance of suspense account has debit balance it will be shown in balance sheet on
Question # 13
Transportation cost paid for the purchases of Machinery must be debited to
Question # 14
Error which affects profit and loss account relates to
Question # 15
If a liability is recorded as income, it will be considered as
11th Principles of Accounting Chapter 14 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 14 Rectification of Errors Test. Click the button for 100% free full practice test.
Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test
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H Happy Mohammad 03 - Jun - 2022 02 Min 03 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 -
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 Zafar Ali 01 - Jun - 2024 00 Min 18 Sec 9/15 -
A Amna 15 - Apr - 2021 03 Min 49 Sec 9/15 -
Z Zain 09 - Jul - 2021 04 Min 21 Sec 9/15 -
S Samar 09 - Jul - 2021 07 Min 49 Sec 9/15 -
H Haroon Abdullah 13 - Jul - 2022 00 Min 11 Sec 7/15 -
M Maham 11 - Jul - 2021 02 Min 26 Sec 7/15
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