Rectification of Errors One Mark Question

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    6 x 1 = 6
  1. 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

  2. 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

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

    (a)

    Suspense account

    (b)

    Journal account

    (c)

    Trial balance

    (d)

    Final account

  4. 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

  5. Amount spent on servicing office Typewriter should be debited to:

    (a)

    Repairs account

    (b)

    Typewriter account

    (c)

    Miscellaneous expenses account

    (d)

    Drawings account

  6. 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

  7. 4 x 1 = 4
  8. Error of omission

  9. (1)

    Temporary account

  10. Error of commission

  11. (2)

    Offsetting errors

  12. Compensating errors

  13. (3)

    Posting to wrong account

  14. Suspense account

  15. (4)

    Partial omission

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