Trial Balance and Rectification of Errors

Errors of Commission do not permit

• the trial balance to agree

• correct total of Balance Sheet

• correct totaling of Trial Balance

• none of the above

Error of Omission arises when:

• any transactions is incorrectly recorded, either wholly or partially

• any transactions is left either wholly or partially

• any transactions is recorded in a fundamentally incorrect manner

• none of these

Suspense Account in the trial balance will be entered in the

• manufacturing a/c

• trading a/c

• profit and loss a/c

• balance sheet

Error of Principle arises when

• any transaction is recorded in a fundamentally incorrect manner

• any transaction is left to be recorded either wholly or partially

• any of the transaction recorded with double amount

• none of these

Wrong totaling of account is

• Error of Principle

• Error of Omission

• Error of Commission

• Compensating Error

An item of Rs.72 has been debited to a personal account as Rs.27, is an error of

• Error of commission

• error of omission

• error of principle

• compensating error

sale of typewriter that has been used in the office credited to sales account, which account is to be credited?

• sales a/c

• cash a/c

• capital a/c

• typewriter a/c

errors of carry forward from one year to another year affected

• personal a/c

• real a/c

• nominal a/c

• both personal and real a/c

if the amount is posted in the wrong account or it is written on the wrong side of the account, it is called:

• error of omission

• error of comission

• compensating errors

• errors of principle

The amount of the dishonored bill has been wrongly debited to the general expenses account. which type of error has been committed?

• Error of Principle

• compensating error

• error of complete omission

• all of these