Unit 1.8 – Rectification of Errors (50 MCQs)

Errors that do not affect the agreement of Trial Balance are called:

• Clerical errors

• Two-sided errors

• One-sided errors

• Compensating errors

Which of the following is a two-sided error?

• Wrong casting

• Wrong posting to another account

• Posting on wrong side of an account

• Partial omission

Posting ₹500 as ₹5,000 is an example of:

• Error of principle

• Error of commission

• Error of omission

• Error of transposition

Purchase of furniture treated as purchase of goods is:

• Error of omission

• Error of principle

• Error of commission

• Compensating error

Which error affects only one account?

• Wrong total

• Posting on wrong side

• Partial omission

• Wrong amount in both accounts

Trial Balance will not detect:

• Compensating error

• Posting on wrong side

• Wrong total in ledger

• Mistake in casting

Sales of ₹2,000 posted as ₹200 is:

• Error of principle

• Error of commission

• Error of omission

• Error of transposition

Omission of an entry completely is:

• One-sided error

• Two-sided error

• Not revealed by TB

• Both (b) and (c)

Error of principle affects:

• Only balance sheet

• Only P&L

• Both and is not revealed by TB

• Only cash book

If an expense is treated as an asset, it is:

• Error of commission

• Error of principle

• Error of omission

• Clerical error