Trial Balance and Rectification of Errors Test 10

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Trial Balance and Rectification of Errors Test 10

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Weekly Quiz Competition

Question 1
1 / -0

Rectification of which of these errors will require opening of suspense A/c

A
Purchase of office equipment Rs. 5,000 entered in purchase day book

B
Rs. 4,900 paid to Shyam entered in Shivam A/c

C
Total of sales day book over cast by Rs. 5,000

D
Rs. 1,000 incurred on freight and insurance of office furniture accounted forth freight and insurance A/c
Question 2
1 / -0

Which type of error do not effect net profit ?

A
Affecting nominal account only

B
Affecting personal and real a/cs

C
both

D
none
Question 3
1 / -0

Rectification of which of these errors will affect profit and loss A/c

A
Purchase of office equipment Rs. 6,000 entered in purchase day book

B
Rs. 501 received from Sudhir posted to Randhir A/c

C
Total of cash book under cast by Rs. 50

D
Rs. 1,200 incurred on freight and insurance of raw material accounted for in salary and wages A/c
Question 4
1 / -0

Credit balance in which of these a/c indicate error in the A/c

A
Cash in hand A/c

B
Sales A/c

C
Capital A/c

D
Bank A/c
Question 5
1 / -0

Purchase of office computer was recorded in the purchase day book on rectification

A
Cr Purchase A/c

B
Dr. Office Computer A/c

C
Both

D
None
Question 6
1 / -0

Which of these are added to get balance as per pass book if we start with balance as per cash book

A
Cheque deposited with the bank

B
Cheque issued but not presented for payment

C
Intrest charged by bank on overdrafts

D
Direct payment made by the bank as per standing instructions
Question 7
1 / -0

While auditing the A/c for the year 08-09 and 07-08, it was noticed that sales for the year 07-08 was understand by Rs.11,000. While rectification of this mistake in 08-09, which A/c will be credited.....

A
Profit and loss adjustment A/c

B
Profit and loss appropriation A/c

C
Sales A/c

D
Suspense A/c
Question 8
1 / -0

Which types of errors will effect net profit?

A
Affecting nominal accounts

B
Affecting personal accounts

C
Affecting real accounts

D
None
Question 9
1 / -0

Debit balance in which of these a/c indicate error in the A/c ___________.

A
Cash in hand A/c

B
Sales A/c

C
Drawing A/c

D
Bank A/c
Question 10
1 / -0

Which types of errors will effect net profit

A
Affecting nominal accounts

B
Affecting personal accounts

C
Affecting real accounts

D
None

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Question Analysis

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Re-Attempt Weekly Quiz Competition

Trial Balance and Rectification of Errors Test 10

Result

Trial Balance and Rectification of Errors Test 10

Score

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Rank

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SHARING IS CARING

Question 1

Purchase of office equipment Rs. 5,000 entered in purchase day book

Rs. 4,900 paid to Shyam entered in Shivam A/c

Total of sales day book over cast by Rs. 5,000

Rs. 1,000 incurred on freight and insurance of office furniture accounted forth freight and insurance A/c

Question 2

Affecting nominal account only

Affecting personal and real a/cs

both

none

Question 3

Purchase of office equipment Rs. 6,000 entered in purchase day book

Rs. 501 received from Sudhir posted to Randhir A/c

Total of cash book under cast by Rs. 50

Rs. 1,200 incurred on freight and insurance of raw material accounted for in salary and wages A/c

Question 4

Cash in hand A/c

Sales A/c

Capital A/c

Bank A/c

Question 5

Cr Purchase A/c

Dr. Office Computer A/c

Both

None

Question 6

Cheque deposited with the bank

Cheque issued but not presented for payment

Intrest charged by bank on overdrafts

Direct payment made by the bank as per standing instructions

Question 7

Profit and loss adjustment A/c

Profit and loss appropriation A/c

Sales A/c

Suspense A/c

Question 8

Affecting nominal accounts

Affecting personal accounts

Affecting real accounts

None

Question 9

Cash in hand A/c

Sales A/c

Drawing A/c

Bank A/c

Question 10

Affecting nominal accounts

Affecting personal accounts

Affecting real accounts

None

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Question Analysis

My Perfomance

Score

-

Rank

-

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