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

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

The failure of the accountant to record a transaction in the books of accounts is known as ________________

(a)

error of omission

(b)

error of complete omission

(c)

error of partial omission

(d)

errors of principle

_______________ 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

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

Wages paid to workers for the installation of a new machinery should be debited to :

(a)

Wages account

(b)

Factory expenses account

(c)

Machinery account

(d)

Proprietor's account

Goods taken by the Proprietor for domestic use should be credited to ______________

(a)

Proprietor's drawings account

(b)

Sales account

(c)

Purchases account

(d)

Suspense 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