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Trial Balance a...

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  • Question 1
    1 / -0

    Which of the following errors will not affect the trial balance?

  • Question 2
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    Rs.1500 received from sub-tenant for rent, entered correctly in the cash book and posted to the debit of the rent account. In the trial balance ____________.

  • Question 3
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    If a purchase return of Rs. 1,000 has been wrongly posted to the debit of the sales returns account, but has been correctly entered in the suppliers account, the total of the _________________.

  • Question 4
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    Errors of carry forward from one year to another year affect _____________.

  • Question 5
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    In case, a trial balance does not agree, the difference is put to ___________.

  • Question 6
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    Goods worth Rs.24,000 were returned by X. The accountant, however, credited the sales returns account by Rs.42,000. In order to rectify this error, what should be done?

  • Question 7
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    $$Rs. 331$$ received from Mr. X is debited to his account as $$Rs. 313$$. The rectifying journal will be:

  • Question 8
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    Purchased goods from Mohan for Rs. 3,600 but was recorded as Rs. 6,300 to the debit of Mohan. In the rectifying entry, Mohan's A/c will be credited with ________________.

  • Question 9
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    Match List I with List II and select the correct answer using the codes given below:

    List IList II
    A. Error of Omission1. Capital expenditure treated as revenue
    B. Error of Commission2. Goods sold but not entered in books
    C. Error of Principle3. A's A/c is debited by $$Rs. 500$$, instead of $$Rs. 5000$$

  • Question 10
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    The preparation of a trial balance helps in locating _________.

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