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

Which of the following errors will not affect the trial balance?

(a)

Wrong balancing of an account

(b)

Posting an amount in the wrong account but on the correct side

(c)

Wrong totalling of an account

(d)

Carried forward wrong amount in a ledger account

A credit purchase of furniture from Athiyaman was debited to purchases account. Which of the following accounts should be debited while rectifying this error?

(a)

Purchases account

(b)

Athiyaman account

(c)

Furniture account

(d)

None of these

Which of the following errors will be rectified using suspense account?

(a)

Purchases returns book was undercast by Rs.100

(b)

Goods returned by Narendran was not recorded in the books

(c)

Goods returned by Akila 900 was recorded in the sales returns book as Rs.90

(d)

A credit sale of goods to Ravivarman was not entered in the sales book

_______________ usually occurs due to lack of concentration or carelessness of the accountant.

(a)

Error of omission

(b)

Error of principle

(c)

Error of commission

(d)

None of the above

________________ account will remain in the books until the location and rectification of errors.

(a)

Suspense

(b)

Ledger

(c)

Journal

(d)

None of these

Suspense account balance will be shown in the _____________

(a)

Trading account

(b)

Profit and loss account

(c)

Balance sheet

(d)

Final account

Goods of Rs. 5000 purchased from Mr.B were recorded in sales book, the rectification of this error will________.

(a)

Increase the gross profit

(b)

Reduce the gross profit

(c)

Have no effect on gross profit

(d)

None of the above

Good worth Rs. 50 given as charity should be credited to ________.

(a)

Charity Account

(b)

Sales Account

(c)

Purchase Account

(d)

None of the above

________ are those transactions which are not recorded as per the rules of debit and credit. 

(a)

Error of principle

(b)

Error of Commission

(c)

Error of Omission

(d)

Compensating errors