Rectification of Errors
Authored by Shashi Kant Singhal
Other
11th Grade
Used 105+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is not a kind of error
compensatory
Principle
Omission
Permission
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an example of error of Principle
Goods sold for Rs50,000 posted as Rs75000
Rent received Rs500 but wrongly debited
Goods of Rs85000 purchased for cash recorded through Furniture account
None of these
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A suspense account is used to rectify?
Single sided errors
Double sided errors
Both Single and double sided errors
None of these
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If goods of Rs9000 purchased for cash , posted only in cash account . Rectifying entry will be:
Purchases a/c Dr 9000
To Cash a/c 9000
To Cash a/c 9000
Suspense a/c Dr 9000
To Cash a/c 9000
To Cash a/c 9000
Purchases a/c Dr 9000
To Suspense a/c 9000
To Suspense a/c 9000
Suspense a/c Dr9000
To Purchases a/c 9000
To Purchases a/c 9000
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is not an example of error of commission
Errors of Wrong totalling
Identification of capital expenditure as revenue expense
Errors of wrong carry forwarding
None of these
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Furniture of Rs8000 was purchased from Rahul on credit. Rahul's account was correctly credited but furniture account was debited with Rs80,000. What will be the rectifying entry ?
Suspense a/c dr 8000
To Furniture a/c
To Furniture a/c
Furniture a/c Dr 72000
To Rahul 72000
To Rahul 72000
Rahul dr 72000
To suspense a/c 72000
To suspense a/c 72000
None of these
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following error would effect the agreement of Trial Balance
Sales to Ram Rs150 posted to his account as Rs175
Sales to Mahesh Rs800 posted to Mukesh as Rs800
A credit sale wrongly passed through purchase book
None of these
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