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Trial Balance a...

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  • Question 1
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    When two or more errors are committed in such a way the effect of one error is compensated by another error. Which type of error is this?

  • Question 2
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    $$Rs.1,000$$ was paid as rent to the landlord Krishna. This amount was debited to Krishna's personal account. This error will __________.

  • Question 3
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    If there is an error in trial balance which is not affecting its total, will it affect any accounting procedure?

  • Question 4
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    Legal expenses paid to Mohan is debited to his personal account. This is an example of error _________.

  • Question 5
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    It SA/cs is done and by mistake A's account is transferred to Purchase No in such a case which accounts are affected? 

  • Question 6
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    What is possible if the trail balance of a company agrees?

  • Question 7
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    Company purchased furniture worth Rs 1 lakh but it was wrongly recorded remedy to this problem will affect__________.

  • Question 8
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    Because of the lack of proper fundamental accounting knowledge _______ type of error is done.

  • Question 9
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    A new accountant did credit Rs 500 instead of Rs 50,000. It is an error of ___________.

  • Question 10
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    Commission is paid for purchase of a land. It will be ___________.

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