Search Header Logo

Errors in trial balance

Authored by RAM KUMAR SINGH

Other

11th Grade

Used 15+ times

Errors in trial balance
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many errors are there that will not affect Trial Balance?

5

6

1

10

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit purchase of goods $1200 from Calvin trading was recorded in Clara trading account. Name the error.

Error of commission

Error of omission

Error of principle

Compensating error

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cheque payment of $500 for rent was not recorded. Name the error.

Error of commission

Error of omission

Error of principle

Compensating error

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

When there is error with credit entry not equal to credit entry,

trial balance will not agree

trial balance will agree

supense account will be appeared

there is no suspense account

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A suspense account is used to rectify?

Errors affecting trial balance agreement

Errors not affecting trial balance agreement

Both types of errors

None of these

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not an example of error  of commission 

Errors of Wrong totalling 
Identification of capital expenditure as revenue expense 
Errors of wrong carry forwarding 
None of these 

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

State true or false : 
If sales , purchases return, liability or income are undercasted , suspense account will be debited and related account will be credited.

True
False 

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?