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Trial Balance a...

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  • Question 1
    1 / -0

    Errors of commission arises when any transaction is _____________.

  • Question 2
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    Error of commission arises when ___________.

  • Question 3
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    In case of trial balance does not agree, the difference is put to _________.

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

  • Question 5
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    Purchased goods from Gopal for Rs.3,600 but was recorded in Gopal's A/c as Rs.6.300, in the rectifying entry, Gopal's A/c will be debited with ___________.

  • Question 6
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    Consider the following statements:
    A credit purchase during the accountancy year which was not recorded in the books of account but included in the closing stock is to be:
    1. Added to the purchase account
    2. Added to the creditor's account
    3. Subtracted from the closing stock
    4. Added to the opening stock
    Which of the statements given above is/are correct?

  • Question 7
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    Which of the following is not true of a trial balance?

  • Question 8
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    If a receipt of Rs.200 from Rajesh (our debtor) has not been recorded in the books, the profit would show __________.

  • Question 9
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    If purchase return of Rs.2,000 has been wrongly posted to the debit of the sales return account, but has been correctly entered in the supplier's account, the total of ___________________________.

  • Question 10
    1 / -0

    A sale of Rs. $$50,000$$ to A was entered as a sale to B. This is an example of ___________.

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