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Trial Balance a...

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  • Question 1
    1 / -0

    Which of the following best describes a trial balance?

  • Question 2
    1 / -0

    Which of the following errors is revealed by trial balance?

  • Question 3
    1 / -0

    An entry of $$Rs.320$$ has been debited to Vivek's account as $$Rs.230$$. It is an error of ______________.

  • Question 4
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    Goods worth $$Rs.200$$ returned by Mohan were taken into stock, but no entry was passed, is an error of __________.

  • Question 5
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    Match List-I with List-II and select the correct answer using the codes given the lists.

    List-IList-II
    I. Compensating errors(a) Not recording a business transaction
    II. Errors of omission(b) Charging a Revenue item to capital
    III. Errors of principle(c) Writing a debit item on the credit side and a credit item on the debit side of equal amount
    IV. Errors of commission(d) Posting a correct amount to a wrong account

  • Question 6
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    Which of the following errors will cause the trial balance to be out of balance?

  • Question 7
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    The trial balance _________.

  • Question 8
    1 / -0

    An entry of $$Rs.500$$ was wrongly posted to wages account instead of machinery account, as wages are to be capitalized. It is an error of _________.

  • Question 9
    1 / -0

    Which of the following errors will not cause the trial balance to be out of balance ?

  • Question 10
    1 / -0

    Which of the following errors will not cause the trial balance to be out of order?

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