Practice Test

Q1) Goods purchased from A for Rs. 10,000 passed through the Sales book . The error will results in Show Answer

Q2) If a Purchase Return of Rs.1,000 has been wrongly posted to debit of the Sales Returns account , but has been correctly entered in the suppliers' account , the total of the Show Answer

Q3) 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

Q4) If a purchase Return of Rs.84 has been wrongly posted to debit of the Sales Returns account , but has been correctly entered in the suppliers' account , the total of the trial balance would show Show Answer

Q5) Rs.200 paid as wages for erecting a machine should be debited to Show Answer

Q6) On purchase of old furniture , the amount of Rs.1,000 spent on its repair should be debited to Show Answer

Q7) Goods worth Rs.50 given as charity should be credited to Show Answer

Q8) Errors of commission do not permit Show Answer

Q9) The preparation of a trial balance is for Show Answer

Q10) Rs.200 received from Smith whose account , was written off as bad debts should be credited to Show Answer

Q11) Purchase of office furniture Rs.1,200 has been debited to General Expenses Account It is Show Answer

Q12) Goods destroyed by fire should be credited to Show Answer

Q13) Sales of office furniture should be credited to Show Answer

Q14) The total of Sales book was not posted to the ledger Show Answer

Q15) Sales to Heena Rs.143 was posted to Meena as Rs.143 Show Answer

Q16) Goods taken away by the proprietor for personal use not recorded anywhere Show Answer

Q17) The total of a folio in the Sales book Rs.1,000 was carried forward as Rs.100 Show Answer

Q18) Repairs of newly purchased second-hand machinery debited to repairs accounts Show Answer

Q19) Sale of Rs.120 was written in the purchase book Show Answer

Q20) Salary paid to Ram , has been debited to his account Show Answer

Q21) Purchase of furniture has been entered in the purchase book Show Answer

Q22) Rs.120 received from has been debited to his account Show Answer

Q23) Freight paid on machinery has been debited to freight account Show Answer

Q24) Repairs to building have been debited to building account Show Answer

Q25) The total of the Sales book is Rs.200 short Show Answer

Q26) The Sales of worth Rs.337 has been posted as Rs.373 Show Answer

Q27) The amount of a dishonoured bill has been debited to general expenses account Show Answer

Q28) State which of these will not be revealed by the trial balance Show Answer

Q29) State which of these will be revealed by the trial balance Show Answer

Q30) The trial balance checks Show Answer

Q31) which of the following will generally show a credit balance Show Answer

Q32) which of the following will generally show a debit balance Show Answer

Q33) A tallied trial balance will not reveal Show Answer

Q34) A tallied trial balance will not reveal Show Answer

Q35) A tallied trial balance will not reveal Show Answer

Q36) A tallied trial balance will not reveal Show Answer

Q37) A tallied trial balance will not reveal Show Answer

Q38) Errors of principle do not permit Show Answer

Q39) which of the following errors will not affect the trial balance ? Show Answer

Q40) Which of the following errors will not affect the trial balance ? Show Answer

Q41) Which of the following errors will affect the trial balance ? Show Answer

Q42) Which of the following errors will affect the trial balance ? Show Answer

Q43) Which of the following errors will not affect the trial balance ? Show Answer

Q44) which of the following errors will affect the trial balance ? Show Answer

Q45) In case the individual ledger account were accurate in all respects but a trial balance did not tally, there may be Show Answer

Q46) Rectifying entry is not required to be posted in case of Show Answer

Q47) Which of the following error is an error of omission ? Show Answer

Q48) Which of the following error is an error of principle ? Show Answer

Q49) Rs.6,000 paid for the installation of new machinery should be debited to Show Answer

Q50) On the purchase of old furniture, Rs.3,000 spent on its repairs should be debited to Show Answer

Q51) Purchase of office furniture for Rs.6,000 has been debited to general expenses, account it is Show Answer

Q52) Goods worth Rs.500 taken by the proprietor for personal use should be debited to Show Answer

Q53) On opening suspense account the words recorded in the particulars column are Show Answer

Q54) The object of opening suspense account is Show Answer

Q55) Profit & loss adjustment account is used Show Answer

Q56) Goods costing Rs.10,000 taken by the proprietor for personal use were not recorded .The errors will result in Show Answer

Q57) Goods costing Rs.10,000 distributed as free sample were not recorded .The errors will result in Show Answer

Q58) goods costing Rs.10,000 given as charity were not recorded .The errors will result in Show Answer

Q59) Goods costing Rs.10,000 destroyed by fire were not recorded . The errors will result in Show Answer

Q60) Goods costing Rs.10,000 taken by the proprietor for personal use were not recorded .The errors will result in Show Answer

Q61) Goods costing Rs.10,000 distributed as free sample were not recorded .The errors will result in Show Answer

Q62) goods costing Rs.10,000 given as charity were not recorded .The errors will result in Show Answer

Q63) goods costing Rs.10,000 destroyed by fire were not recorded .The errors will result in Show Answer

Q64) goods costing Rs.10,000 taken by the proprietor for personal use were not recorded .The errors will result in Show Answer

Q65) Goods costing Rs.10,000 distributed as free sample were not recorded .The errors will result in Show Answer

Q66) goods costing Rs.10,000 given as charity were not recorded .The errors will result in Show Answer

Q67) goods costing Rs.10,000 destroyed by fire were not recorded .The errors will result in Show Answer

Q68) goods costing Rs.10,000 taken by the proprietor for personal use should be credited to Show Answer

Q69) Goods costing Rs.10,000 distributed as free sample should be credited to Show Answer

Q70) goods costing Rs.10,000 given as charity were should be credited to Show Answer

Q71) goods costing Rs.10,000 destroyed by fire not recorded .The errors will result in Show Answer

Q72) goods costing Rs.10,000 taken by the proprietor for personal use were credited to sales account .While passing rectifying entry Show Answer

Q73) goods costing Rs.10,000 distributed as free sample were credited to sales account .While passing rectifying entry Show Answer

Q74) Rs.10,000 paid in cash for repairs of an old machine ,should be debited to Show Answer

Q75) Rs.10,000 paid in cash for repairs of a newly purchased old machine were debited to repairs account .this error Show Answer

Q76) Rs.10,000 paid in cash for repairs of a newly purchased old machine were debited to repairs account .while passing a rectifying entry Show Answer

Q77) Rs.10,000 paid in cash for installation of an new machine ,should be debited to Show Answer

Q78) Rs.10,000 paid in cash for installation of a newly purchased old machine were debited to installation account .while passing a rectifying entry Show Answer

Q79) Rs.10,000 paid in cash for installation of a newly purchased old machine were debited to installation account .this error Show Answer

Q80) sales of office furniture has been credited to sales account .It is Show Answer

Q81) Sales of office furniture credited to sales account Show Answer

Q82) a cash purchase of goods for proprietor's personal use should be credited to Show Answer

Q83) Rs.10,000 received in cash from X whose account ,was written off as a bad debt should be credited to Show Answer

Q84) Rs.10,000 received in cash from X (whose account ,was written off as a bad debt) credited to X's account. this error Show Answer

Q85) Rs.10,000 received in cash from X (whose account ,was written off as a bad debt) credited to X's account. while rectifying this error Show Answer

Q86) The total of sales book was not posted to the ledger this error Show Answer

Q87) Sales to meena Rs.143 was posted to meena . This error Show Answer

Q88) Sales to meena Rs.143 was credited as 413 Show Answer

Q89) sales to meena Rs.143 was debited as 413 Show Answer

Q90) The total of a folio in the sales book Rs.1,000 was carried forward as Rs.100.this error Show Answer

Q91) Total of sales book cost Rs.900 short .this error Show Answer

Q92) A cash sales of Rs.143 to meena omitted to be posted Show Answer

Q93) Both the discount column of the cash book were omitted to be posted in the ledger. this error Show Answer

Q94) Rent paid to Ram a landlord should be debited to his account this error Show Answer

Q95) sales to meena Rs.143 omitted to be recorded .this error Show Answer

Q96) sales to meena Rs.143 recorded in sales return book .this error Show Answer

Q97) sales to meena Rs.143 recorded in sales return book from meena Rs.413 .this error Show Answer

Q98) Which of the following errors will be revealed by the trial balance Show Answer

Q99) Goods purchased from X for Rs. 10,000 passed through the Sales book . The error will results in Show Answer

Q100) Goods purchased from X for Rs. 10,000 passed through the Sales return book . The error will results in Show Answer

Q101) Goods purchased from X for Rs. 10,000 passed through the purchase return book . The error will results in Show Answer

Q102) Goods sold to Y for Rs. 10,000 passed through the purchase book . The error will results in Show Answer

Q103) Goods sold to Y for Rs. 10,000 passed through the purchase return book . The error will results in Show Answer

Q104) Goods sold to Y for Rs. 10,000 passed through the sales return book . The error will results in Show Answer

Q105) Goods returned to X for Rs. 10,000 passed through the Sales return book . The error will results in Show Answer

Q106) Goods returned to X for Rs. 10,000 passed through the Sales book . The error will results in Show Answer

Q107) Goods returned to X for Rs. 10,000 passed through the purchase book . The error will results in Show Answer

Q108) Goods returned by Y for Rs. 10,000 passed through the Sales book . The error will results in Show Answer

Q109) Goods returned by Y for Rs. 10,000 passed through the purchase book . The error will results in Show Answer

Q110) Goods returned by Y for Rs. 10,000 passed through the purchase return book . The error will results in Show Answer

Q111) Goods purchased from X for Rs. 10,000 passed through the Sales book . The error will results in Show Answer

Q112) A bill receivable of Rs. 10,000,from X was recorded in bill payable book. the error Show Answer

Q113) 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 Show Answer

Q114) 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 Show Answer

Q115) 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 Show Answer

Q116) 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 Show Answer

Q117) Unintentional omission or commission of amount and accounts in the process of recording transactions are known as - Show Answer

Q118) Whenever errors are noticed in the accounting records, they should be rectified - Show Answer

Q119) Difference of totals of both debit and credit side of the trial balance is transferred to - Show Answer

Q120) A suspense account facilitates the preparation of -------even when the --------has not tallied Show Answer

Q121) After preparing the Trial Balance the accountant finds that the total of debit side is short by Rs.2,500, This difference will be - Show Answer

Q122) A Trial Balance will not tally if - Show Answer

Q123) 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 - Show Answer

Q124) Error of Commission do not permit - Show Answer

Q125) An item of Rs.72 has been debited to a personal account as Rs.27, is a error of - Show Answer

Q126) Sales of Shyam of Rs.500 not recorded in the books would affect - Show Answer

Q127) Which of the accounts is increased by credit entries? Show Answer

Q128) Closing stock in Trial Balance will be taken to - Show Answer

Q129) The Preparation of a trial balance helps in
Show Answer

Q130) Error of commission arises when -
Show Answer

Q131) Error which affect one account can be -
Show Answer

Q132) Purchase of office furniture for Rs.20,000 has been debited to purchases A/c. It is - Show Answer

Q133) "Treating a revenue expense as a capital expenditure" is a example of - Show Answer

Q134) Which of the following is put on credit side of T/B - Show Answer

Q135) Which of the following would not be revealed by preparation a Trial balance - Show Answer

Q136) In case trial balance does not agree, difference is put to Show Answer

Q137) Sales of typewriter that has been used in the office should be credited to - Show Answer

Q138) Suspense A/c in the trial balance will be entered in - Show Answer

Q139) Rs.1,500 received from Bahadur whose A/cs was previously written off as bad debt should be credited to Show Answer

Q140) Error of omission arises when - Show Answer

Q141) Error of principle arises when - Show Answer

Q142) Errors of carry forward from one year to another affects Show Answer

Q143) Good destroyed by fire should be credited to Show Answer

Q144) Consider the following statements -
A credit purchase in the accounting year which was not recorded in the books but included in closing stock is to be
(1) Added to the purchase account
(2) Added to the creditors account
(3) Subtracted from the closing stock
(4) Added to the opening stock.

Which of the following statements gives above is/are correct? Show Answer

Q145) 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 - Show Answer

Q146) Wages paid for erecting a machine should be debited to Show Answer

Q147) On purchases of old furniture, the amount spent on its repair should be debited to Show Answer

Q148) Cartage paid, Rs.50, for the newly purchases machinery, if debited to cartage account will affect- Show Answer

Q149) Discount allowed Rs.93 to Mohan has been credited to his account by Rs.39.The error will be rectified by - Show Answer

Q150) A Bill Receivable of Rs.500 was dishonoured and credited as Rs.50. The error will be rectified by - Show Answer

Q151) If an effect of an error is cancelled by the effect of some other error, it is commonly known as - Show Answer

Q152) Which of the following errors are not revealed by the Trial Balance - Show Answer

Q153) Which of the following is not a true of a Trial balance? Show Answer

Q154) The statement listing the balances by the titles of the accounts in the ledger on a given date is known as Show Answer

Q155) The equality of debits and credits can be tested periodically by preparing a Show Answer

Q156) Which of the following describes the proper sequence of actions in the accounting cycle Show Answer

Q157) Which of the following errors is an error of omission? Show Answer

Q158) Errors of recording do not allow Show Answer

Q159) Which of the following errors will affect Trial Balance? Show Answer

Q160) Cheque received from Bina by Rs.4,000 was recorded in the cash column of the Cash Book, thought on the correct side. The rectification will be does by - Show Answer

Q161) Goods sold to Basu and Co.on credit, worth Rs.4,000 were not recorded in the books. The rectification entry is - Show Answer

Q162) 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 - Show Answer

Q163) Sale to Vasant Rs.4,300 on credit was recorded twice in the Sales Book.The rectification entry is - Show Answer

Q164) Purchase of Machinery worth Rs.5,000 was omitted from accounts. The rectification entry is Show Answer

Q165) Sales Book was overcast by Rs.500 Show Answer

Q166) Cartage paid for newly purchased machinery, posted to Cartage Account Show Answer