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Trial Balance a...

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  • Question 1
    1 / -0

    Which of the following errors will affect the trial balance?

  • Question 2
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    Which of the following errors will not affect the agreement of trial balance?

  • Question 3
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    Which of the following errors will not be revealed by the trial balance?

  • Question 4
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    Which of the following is true?

  • Question 5
    1 / -0

    Which of the following statements is / are true?
    (i) An error in casting the subsidiary books is an error of commission.
    (ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors.
    (iii) Mistake in transferring the balance of an account to the trial balance will not affect the agreement of the trial balance.
    (iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a trial balance.
    The correct answer is ______________.

  • Question 6
    1 / -0

    Goods bought from Mukesh amounting to Rs 5,5005,500 were posted to the credit of his account as Rs5,0005,000. If this error located after preparation of trial balance then which of the following rectification entry is correct?

  • Question 7
    1 / -0

    Under statement of closing stock or work-in-progress in the period will _________.

  • Question 8
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    Rs2,4002,400, being the pre-paid portions of insurance, was brought forward from the previous year as a credit balance in the nominal account. Identify the amount of the trial balance difference which will be placed in a suspense account.

  • Question 9
    1 / -0

    Cartage Rs780780 paid on machinery newly acquired was debited to carriage inward account. If this error located after preparation of trial balance then which of the following rectification entry is correct?

  • Question 10
    1 / -0

    Total of purchases book was Rs10,00010,000 short. If rectification is done before preparation of trial balance then which of the following is correct?

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