Practice Test

Q1) A transaction not recorded at all is called as an error of ________.
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Q2) Rectification entries are passed in _________.
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Q3) Errors occurred due to wrong posting are called as errors of _________.
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Q4) If the trial balance shows a short credit the suspense account will have a _______.
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Q5) For which type of error, journal entry is required for rectification ______.
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Q6) Paid insurance Rs 2,080 posted twice to Insurance A/c is an examples of ________.
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Q7) ________ will not affect the trial balance.
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Q8) ________ Account is a temporary account.
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Q9) A trial balance can agree in spite of certain errors. Show Answer

Q10) Rectification can be done by cutting and reposting. Show Answer

Q11) It is relatively simpler to locate errors affecting one account. Show Answer

Q12) Sales to Heena Rs.143 was posted to Meena as Rs.143
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Q13) Repairs of newly purchased second-hand machinery debited to repairs accounts
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Q14) Purchase of furniture has been entered in the purchase book
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Q15) The Sales of worth Rs.337 has been posted as Rs.373
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Q16) A tallied trial balance will not reveal
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Q17) Goods costing Rs.10,000 taken by the proprietor for personal use were not recorded .The errors will result in
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Q18) Goods costing Rs.10,000 distributed as free sample were not recorded .The errors will result in
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Q19) goods costing Rs.10,000 taken by the proprietor for personal use should be credited to
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Q20) Rs.10,000 paid in cash for repairs of a newly purchased old machine were debited to repairs account .this error
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Q21) Sales of office furniture credited to sales account
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Q22) Rs.10,000 received in cash from X (whose account ,was written off as a bad debt) credited to X's account. this error
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Q23) Sales to meena Rs.143 was credited as 413
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Q24) The total of a folio in the sales book Rs.1,000 was carried forward as Rs.100.this error
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Q25) Total of sales book cost Rs.900 short .this error
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Q26) A cash sales of Rs.143 to meena omitted to be posted
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Q27) Both the discount column of the cash book were omitted to be posted in the ledger. this error
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Q28) Rent paid to Ram a landlord should be debited to his account this error
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Q29) sales to meena Rs.143 omitted to be recorded .this error
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Q30) sales to meena Rs.143 recorded in sales return book .this error
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Q31) sales to meena Rs.143 recorded in sales return book from meena Rs.413 .this error
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Q32) Which of the following errors will be revealed by the trial balance
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Q33) Goods purchased from X for Rs. 10,000 passed through the Sales book . The error will results in
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Q34) Goods purchased from X for Rs. 10,000 passed through the Sales return book . The error will results in
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Q35) Goods purchased from X for Rs. 10,000 passed through the purchase return book . The error will results in
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Q36) Goods sold to Y for Rs. 10,000 passed through the purchase book . The error will results in
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Q37) Goods sold to Y for Rs. 10,000 passed through the purchase return book . The error will results in
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Q38) Goods sold to Y for Rs. 10,000 passed through the sales return book . The error will results in
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Q39) Goods returned to X for Rs. 10,000 passed through the Sales return book . The error will results in
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Q40) Goods returned to X for Rs. 10,000 passed through the Sales book . The error will results in
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Q41) Goods returned to X for Rs. 10,000 passed through the purchase book . The error will results in
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Q42) Goods returned by Y for Rs. 10,000 passed through the Sales book . The error will results in
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Q43) Goods returned by Y for Rs. 10,000 passed through the purchase book . The error will results in
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Q44) Goods returned by Y for Rs. 10,000 passed through the purchase return book . The error will results in
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Q45) Goods purchased from X for Rs. 10,000 passed through the Sales book . The error will results in
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Q46) A bill receivable of Rs. 10,000,from X was recorded in bill payable book. the error
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Q47) A purchase of Rs.10,000 has been wrongly posted to the credit of sales account but had been correctly entered in the supplier's account . The trial balance would show
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Q48) A purchase of Rs.10,000 has been wrongly posted to the credit of purchase return account but had been correctly entered in the supplier's account . The trial balance would show
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Q49) A purchase of Rs.10,000 has been wrongly posted to the debit of supplier's account but had been correctly entered in the purchase account . The trial balance would show
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Q50) A purchase of Rs.10,000 has been wrongly posted to the credit of sales account but had been correctly entered in the supplier's account . The error is
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Q51) Unintentional omission or commission of amount and accounts in the process of recording transactions are known as -
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Q52) Whenever errors are noticed in the accounting records, they should be rectified -
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Q53) Difference of totals of both debit and credit side of the trial balance is transferred to -
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Q54) A suspense account facilitates the preparation of -------even when the --------has not tallied .
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Q55) After preparing the Trial Balance the accountant finds that the total of debit side is short by Rs.2,500, This difference will be -
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Q56) A Trial Balance will not tally if -
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Q57) Rs.3,000 received from sub - tenant for rent and entered correctly in the case book is posted to the debit of the rent account. In the Trial Balance -
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Q58) Error of Commission do not permit -
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Q59) An item of Rs.72 has been debited to a personal account as Rs.27, is a error of -
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Q60) Sales of Shyam of Rs.500 not recorded in the books would affect -
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Q61) Which of the accounts is increased by credit entries?
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Q62) Closing stock in Trial Balance will be taken to -
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Q63) The Preparation of a trial balance helps in Show Answer

Q64) Error of commission arises when - Show Answer

Q65) Error which affect one account can be - Show Answer

Q66) Purchase of office furniture for Rs.20,000 has been debited to purchases A/c. It is -
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Q67) "Treating a revenue expense as a capital expenditure" is a example of -
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Q68) Which of the following is put on credit side of T/B -
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Q69) Which of the following would not be revealed by preparation a Trial balance -
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Q70) In case trial balance does not agree, difference is put to
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Q71) Sales of typewriter that has been used in the office should be credited to -
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Q72) Suspense A/c in the trial balance will be entered in -
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Q73) Rs.1,500 received from Bahadur whose A/cs was previously written off as bad debt should be credited to
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Q74) Error of omission arises when -
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Q75) Error of principle arises when -
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Q76) Errors of carry forward from one year to another affects
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Q77) Good destroyed by fire should be credited to
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Q78) If a Purchase Return of Rs.100 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show -
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Q79) On purchases of old furniture, the amount spent on its repair should be debited to
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Q80) Cartage paid, Rs.50, for the newly purchases machinery, if debited to cartage account will affect-
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Q81) Discount allowed Rs.93 to Mohan has been credited to his account by Rs.39.The error will be rectified by -
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Q82) A Bill Receivable of Rs.500 was dishonoured and credited as Rs.50. The error will be rectified by -
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Q83) If an effect of an error is cancelled by the effect of some other error, it is commonly known as -
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Q84) Which of the following errors are not revealed by the Trial Balance -
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Q85) Which of the following describes the proper sequence of actions in the accounting cycle
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Q86) Which of the following errors is an error of omission?
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Q87) Errors of recording do not allow
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Q88) Which of the following errors will affect Trial Balance?
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Q89) Goods sold to Basu and Co.on credit, worth Rs.4,000 were not recorded in the books. The rectification entry is -
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Q90) Salary paid for the Month of June, Rs.21,000 by issue of a cheque was recorded in the Journal but not posted at all. The rectification will be done by -
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Q91) Sale to Vasant Rs.4,300 on credit was recorded twice in the Sales Book.The rectification entry is -
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Q92) Purchase of Machinery worth Rs.5,000 was omitted from accounts. The rectification entry is
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Q93) Sales Book was overcast by Rs.500
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Q94) Cartage paid for newly purchased machinery, posted to Cartage Account
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Q95) A transaction not recorded at all is called as an error of ________. Show Answer

Q96) Rectification entries are passed in _________. Show Answer

Q97) Wages paid for installation of machinery wrongly debited to wages account is an error of _______. Show Answer

Q98) If the trial balance shows a short credit the suspense account will have a _______. Show Answer

Q99) For which type of error, journal entry is required for rectification ______. Show Answer

Q100) Paid insurance Rs 2,080 posted twice to Insurance A/c is an examples of ________. Show Answer

Q101) ________ will not affect the trial balance. Show Answer

Q102) ________ Account is a temporary account. Show Answer

Q103) If accountant does not post the journal entry in journal,it will be classified as_______
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Q104) Clerical errors are further classified into_____.
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Q105) _______arise because of the failure to differentiate between capital expenditure and revenue expenditure and capital receipts and revenue receipts.
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Q106) Which of the following error can be disclosed by trial balance ?
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Q107) Which of the following errors will be revealed by the trial balance ?
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Q108) Which of the following errors will affect the trial balance ?
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Q109) ABC Ltd has issued a cheque for Rs. 3,50,000. The accountant by error has recorded the payment at Rs. 35,000. This error can be identified on preparing _____.
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Q110) Rectification of errors are first entered in -
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Q111) ______arise as a result of some act or omission on the part of the person responsible for the maintenance of books of account
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Q112) Goods worth Rs.100 taken by proprietor for domestic use should be credited to
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Q113) Sold old furniture valued Rs. 2,000 to Sona was recorded as sales, the Book Value of furniture was Rs. 2,500. What will be the rectifying entry?
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Q114) Salaries paid Rs. 4,500 is shown on credit side of Trial Balance. The debit side of Trial Balance will be ______.
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Q115) Sales return of worth Rs. 637 has been wrongly credited to purchase return account, but had been correctly posted to debtors account. Total of trial balance would show:
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Q116) If a purchase return of Rs. 3500 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:
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Q117) Which of the following will not affect Trial Balance?
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Q118) Wages paid Rs. 2,500 for installation of new machinery wrongly debited to wages A/c instead of machinery A/c. It is an error of _____
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Q119) The suspense A/c facilities the preparation of _____ even if the _____has not been balanced.
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Q120) Errors are rectified by using Suspense A/c
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Q121) 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 ?
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Q122) Rs.15,000 received from karan has been credited to Ravan. Which of the following rectification entry is correct ?
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Q123) 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 ?
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Q124) 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 ?
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Q125) 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 ?
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