Practice Test

Q1) ___________are the errors committed by persons responsible for recording and maintaning account of a business firm in the course of accounting process. Show Answer

Q2) Accounting error may be in the form of and due to_______ Show Answer

Q3) Unintentional omission or commission of amounts and account in the prosess of recording transaction are known as____ Show Answer

Q4) An agreement of the trial balance does not prove that______ Show Answer

Q5) Errors other than_____are called clerical errors. Show Answer

Q6) ______arise as a result of some act of omission on the part of the person responsible for the maintenance of books of account Show Answer

Q7) When any particular transaction has not at all been entered in the book of original entry,it cannot be posted into the ledger at all,such error are known as_______ Show Answer

Q8) ________arises due to some positive act of commission on the part of the person responsible for the maintenance of the books of account Show Answer

Q9) _______are neutralizing in nature,hence one error is compensated by other error or errors of opposite nature Show Answer

Q10) Mistake in balancing an account is_______ Show Answer

Q11) Mistake in transfering the balance of an account to the trial balance or omitting to write the balance of an account in the trial balance is_________ Show Answer

Q12) Wages paid for installation of machinery debited to wages account.This is_________ Show Answer

Q13) Making an entry on the wrong side is______ Show Answer

Q14) A mistake in the casting of subsidiary books is_______ Show Answer

Q15) Compensating errors do not affect the agreement of_______ Show Answer

Q16) If accountant does not post the journal entry in journal,it will be classified as_______ Show Answer

Q17) If purchase amounting to Rs.12,000 posted as Rs.2,000 and sales amounting Rs.12,000 posted as Rs.2,000 then it will be classified as________ Show Answer

Q18) Accounting errors can be classified into______ Show Answer

Q19) Clerial errors are further classified into_____ Show Answer

Q20) The difference in trial balance is transferred to______if the errors are not identified. Show Answer

Q21) _______is opened to rectify the entries in the next according period which involves nominal accounts. Show Answer

Q22) _______arise because of the failure to differentiate between capital expenditur and revenue expenditure and capital receipts and revenue receipts. Show Answer

Q23) If a transaction is entered more than one time,it is known as_____ Show Answer

Q24) Which of the following error can be disclosed by trial balance ? Show Answer

Q25) Which of the following error can be disclosed by trial balance ? Show Answer

Q26) Which of the following error can not be disclosed by trial balance ? Show Answer

Q27) Which of the following error can be disclosed by trial balance ? Show Answer

Q28) Which of the following error can affect the agreement of trial balance ? Show Answer

Q29) Which of the following errors will not affect the agreemnt of trial balance ? Show Answer

Q30) Which of the following errors will not affect the agreemnt of trial balance ? Show Answer

Q31) If the amount is posted in the wrong account or it is written on the wrong side of the account,it is called_______ Show Answer

Q32) The preparaton of a trial balance is for locating_______ Show Answer

Q33) Which of the following errors will not be revealed by the trial balance ? Show Answer

Q34) Which of the following errors will be revealed by the trial balance ? Show Answer

Q35) Which of the following statement is true ? Show Answer

Q36) Treating a revenue expense as a capital expenditure is an example of_______ Show Answer

Q37) Which of the following errors will affect the trial balance ? Show Answer

Q38) An expense on major rapairs of machinery purchased second hand has been debited to repairs account,it involves an error of______ Show Answer

Q39) An entry for the goods sold to Madhav for Rs.1,020 was posted to his account as Rs.1,200.If rectification is done before preparation of trial balance then which of the following is correct ? Show Answer

Q40) Rs.1,000 being the monthly total of discount allowed to customer was credited to discount account in the ledger. If rectification is done before preparation of trial balance then which of the following is correct ? Show Answer

Q41) Rs.2,750 received from sohan was credited to mohan as Rs.2,750.If rectification is done before preparation of trial balance then which of the following rectification entry will be correct ? Show Answer

Q42) Total of purchase book was Rs.10,000 short.If rectification is done before preparation of trial balance then which of the following is correct ? Show Answer

Q43) An amount of Rs.15,000 withdrawn by the proprietor for his personal use has been debited to trade Expenses Account.Which of the following rectification entry is correct ? Show Answer

Q44) A purchase of goods from Nathan amounting to Rs.3,000 has been wrongly entered in the sales book.However Nathan Account has been correctly Credited.Which of the following Rectification entry is correct ? Show Answer

Q45) A credit sale of Rs.1,000 to Santhanam has been wrongly passed through the purchases book.Whice of the following rectification entry is correct ? Show Answer

Q46) Rs.15,000 received from karan has been credited to Ravan. Which of the following rectification entry is correct ? Show Answer

Q47) Rs.3,750 paid on account of salary to the cashier Dhawan stand debited to his personal account.Which of the following rectification entry is correct ? Show Answer

Q48) A contractor's bill for extension of premises amounting to Rs.27,500 has been debited to building Repairs account.Which of the following rectification entry is correct ? Show Answer

Q49) A bill of Rs.20,000 for old office furniture sold to sethi was entered in the sales day book.Which of the following rectification entry is correct ? Show Answer

Q50) An amount of Rs.8,000 received on account of interest was credited to commission Account.Which of the following rectification entry is correct ? Show Answer

Q51) Goods bought from mukesh amounting to Rs.5,500 were posted to the credit of his account as Rs.5,000.If this error located after preparation of trial balance then which of the following rectification entry is correct ? Show Answer

Q52) Sales book was overcast by Rs.20,000.If this error located after preparation of trial then which of the following rectification entry is correct ? Show Answer

Q53) While carrying forward the total of one page of the purchase book to the next,the amount of Rs.12,350 was written as Rs.13,250.If this error located after preparation of trial then which of the following rectification entry is correct ? Show Answer

Q54) Cartage Rs.780 paid on machinery newly acquired was Dedited to carriage inward account.If this error located after preparation of trial balance then which of the following rectification entry is correct ? Show Answer

Q55) Drawings of goods costing 300 were not recorded in the books of account. If this error located after preparation of this trial balance then which of the following rectification entry is correct ? Show Answer

Q56) Purchases book was udercast by Rs.10,000.If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q57) Cash received from jamna Das Rs.687 was posted to the debit of janki Das Rs.687.If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q58) Depreciation on furniture Rs.2,970 was wrongly recorded as Rs.2,790. If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q59) Rs.1,500 being the total of discount column on the credit side of the cash book was not posted in the gerneral ledger.If this reeor located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q60) Closing stock was overstated by Rs.9,000 being casting error in the shedule of inventory.If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q61) Returns outwards book was undercast by Rs.150.If this error located after preparation of final account then which of the following rectfication entry is correct ? Show Answer

Q62) Rs.6,000 being the cost of purchase of office furniture was entered in the purchase book.If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q63) Wages paid for installation of machinery Rs.2,750 had been debited to wages account as Rs.5,250.If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer

Q64) A cheque for Rs.7,330 was received from Rao after allowing him a discount of Rs.70.It was endorsed in favour of sen in full settlement of Rs.7,500.The cheque was dishonoured,but no entry for dishonour was passed in the books.If this error located after preparation of final account then which of the following rectification entry is correct ? Show Answer