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WorksheetsERRORS
Total questions: 10
Worksheet time: 6mins
How many errors are there that will not affect Trial Balance?
5
6
1
10
The particular business transaction was overlooked by the accounts assistant. What is the name of this error?
Error of single entry
Error of omission
Error of commission
Error of principle
Credit sales to En Amy $2,000 had been debited to En Ami account.What is the correct journal entry to correct this error?
DR Ami $2,000 CR Amy $2,000
DR Amy $4,000 CR Ami $4,000
DR Amy $2,000 Cr Sales $ 2,000
DR Amy $2,000 CR Ami $2,000
Purchase of car for business use $ 28,000 had been debited to Purchase ac. What is the correct journal entry to correct this error?
DR Car ac $ 28,000 Cr Cash ac $ 28,000.
DR Vehicle ac $28,000 CR Purchase ac$ 28,000
DR Vehicle ac $ 28,000 CR Car ac $ 28,000
None of these entries
Payment of rental expenses $ 2,000 had been entered in cash book only. What is the journal entry to correct this error?
DR Rental ac $ 2,000 CR Suspense ac $ 2,000
DR Rental ac $ 2,000 Cr Cash Book $ 2,000
DR cash Book $ 2,000 Cr Suspense ac $ 2,000
None of these answers
Credit sales to Mike $ 2,000. Sales ac debited $ 2,000 and Mike ac credited $ 2,000. What is the correction entry?
DR Mike ac $ 4,000 CR Sales ac $ 4,000
DR Mike ac $ 2,000 CR Sales ac $ 2,000
DR Mike ac $ 2,000 CR Suspense ac $ 2,000
None of these answers
Discount allowed of $ 2,300 had been posted in credit side of discount received ac. Customer ac posted correctly. What is the correct entry?
DR Discount Allowed $ 4,600 CR Discount Received $ 2,300 Cr Suspense $ 2,300
Dr Discount Allowed $ 2,300 CR Discount received $ 2,300
DR Discount Allowed $ 2,300 DR Discount Received $ 2,300 Cr Suspense $ 4,600
None of these answers
Errors not affects trial balance?
Error of single entry
Compensating errors
Complete reversal of entries
Errors of principle
If the errors affects the trial balance then we must open (a) account to solve the errors.
The following are the advantages of preparing trial balance except.........
To check transparent errors
To check errors not affects trial balance
To show summary of ledger accounts
Enables us to prepare final accounts
