Error of principle arises when _______.

(a)

There is complete omission of a transaction

(b)

There is partial omission of a transaction

(c)

Distinction is not made between capital and revenue items

(d)

There are wrong postings and wrong castings

Errors not affecting the agreement of trial balance are _______.

(a)

Errors of principle

(b)

Errors of overcasting

(c)

Errors of undercasting

(d)

Errors of partial omission

When errors are located and rectified, _______________ automatically gets closed.

(a)

Suspense account

(b)

Journal account

(c)

Trial balance

(d)

Final account

Errors which affect one side of an account are called ___________

(a)

Single sided errors

(b)

Double sided errors

(c)

Both

(d)

None of the above

Amount spent on servicing office Typewriter should be debited to:

(a)

Repairs account

(b)

Typewriter account

(c)

Miscellaneous expenses account

(d)

Drawings account

Purchase of office furniture Rs. 4,800 has been debited to general expense account which error is it?

(a)

Error of commission

(b)

Error of principle

(c)

Compensating error

(d)

None of these

Error of omission

(1)

Temporary account

Error of commission

(2)

Partial omission

Compensating errors

(3)

Posting to wrong account

Suspense account

(4)

Offsetting errors