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Trial Balance a...

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  • Question 1
    1 / -0

    Preparation of Trial Balance helps, mainly in  ________.

  • Question 2
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    Purchase of office furniture worth $$Rs. 2500$$ has been debited to general expense account. It is ___________. 

  • Question 3
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    $$Rs. 5,000$$ spent on repairing of Second-hand Machinery purchased is transferred to Repairs A/c. It is an error of __________.

  • Question 4
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    Error of omission arises when_________________.

  • Question 5
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    The most difficult type of misstatement to detect fraud is based on.

  • Question 6
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    'Goods sent on approval basis' have been recorded as 'Credit sales'. This is an example of ______________.

  • Question 7
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    Unintentional omission or commission of amounts and accounts in the process of recording transactions are known as __________.

  • Question 8
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    _________ are neutralizing in nature, hence one error is compensated by other error or errors of opposite nature.

  • Question 9
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    _________ arise as a result of some act of omission on the part of the person responsible for the maintenance of books of account.

  • Question 10
    1 / -0

    Errors other than __________ are called clerical errors.

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