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Trial Balance a...

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  • Question 1
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    Which type of error involves recording a transaction more than once?

  • Question 2
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    A trial balance is prepared:

  • Question 3
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    Why the error of casing of subsidiary books affect the agreement of trial balance?

  • Question 4
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    Credit sales to Mohan Rs.10,000 had been duly recorded in the sales book but the posting from sales book to Mohan’s account has not been made, it would be an error of:

  • Question 5
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    Sales Book is overcast by Rs.1000. In this case:

  • Question 6
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    An amount has been posted on the debit side of the commission account as Rs.375 instead of Rs.275. In rectifying the above error, the commission account would be:

  • Question 7
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    What is the effect of errors of commission on the Trial Balance?

  • Question 8
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    When two or more errors are committed in such a way that the net effect of these errors on the debits and credits of accounts is nil, such errors are called:

  • Question 9
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    How do compensating errors affect the Trial Balance?

  • Question 10
    1 / -0

    When an error affecting the Trial Balance cannot be immediately rectified, what account is often used?

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