Rectification of Errors-Test 4

Rs.1,000 received as interest,shown as interest paid in cash book.Due to this error the cash balance will be effected by ———-

If one of the cars purchased by a car dealer is used for business purpose and has been debited to goods for resale A/C,then the rectification entry will be ——-

Which of the following errors will not be revealed by trial balance at the end of the year?

Hari charges 10% depreciation on plant and Machinery.On 1st April 2011 he debited Rs.7,520 paid on installation of plant and Machinery to profit and loss Account.

At the time of preparing final accounts on 31 st march 2012 due  to this error ———

It purchase of goods amounting Rs.500 has been wrongly posted to credit side of purchase account.The difference in the Trial balance would be——-

Goods worth Rs.750 were purchased from S&Co.But while posting wrong debit was given to R&Co .The total of credit side of the trial  balance

was Rs.43,750.Assuming that this is the only error, the total of the debit side of the trial balance was:

Which type of error occurs when credit sale is wrongly posted to purchases book?

Old office furniture sold to Sethi for Rs.2000 was entered in the sales book.The book value of furniture sold was Rs.2,500.

Rectification entry would be————

Which of the following mentioned error will not affect the trial balance?

Rectification entries are first recorded in —————

Wages Rs.500 paid for installation of a new machine was wrongly posted to wages account instead of machinery account.It is an error of ——-

Which type of error can occur while posting the journal entries in the ledger?

(A) Error of Principle

(B) Error of Commission

(C) Error of partial omission

(D) Error of complete omission

Rs.18,000 received from tenant for rent and entered correctly in the cash book.It is posted to debit of the rent account.In the trial balance——–

An error can be deleted at any of the following stages——

Stamp duty on property purchased has been debited to ‘Legal Expenses’ account by the accountant.Which type of error has been committed?

For what type of error ,P&L Adjustment A/C needs to be corrected———-

In which of the following type,Suspense A/C is not opened?

If total of debits of a ledger account is more than the total of all credits of the same account.Then the balancing figure is placed at the ———–

What is rectified entry when repairs made is debited to buildings account?

What is the rectification entry ,when drawings made by the proprietor is debited to expense A/C?

What  is the rectification entry, when a cheque received from Mr.Kiran is dishonoured and posted to sales return A/C?

What is the rectification entry, when discount received from Mr.Hari not entered in discount column?

All of the following errors do not affect the Trial balance,except———

Treating a revenue expenditure as capital expenditure is an example of ———-

After preparing the Trial balance the accountant find that the total of the credit side is short by Rs.1200. This difference will be ———

Whenever errors are identified in the accounting records.They should be rectified ———-

The Trial balance of Mr.Arun shows the opening stock of Rs.68,000,it will be ————

It is easy to detect ———–than to ———-

What is an Error?

When the errors in one accounting period is located in the next period, the are rectified using which account———–