Rectification of Errors-Test 1

The goods sold for Rs.900 but the amount was entered in the Sales Account as Rs.1,080. On Rectification, suspense account will be :

Rs.25,000 received from Aditi, is credited in the account of Prema. It is an error of :

Wages paid for the erection of a machine debited to Wages A/c is an example of :

A second hand machinery is purchased for Rs.10,000, the amount of Rs.1,500 is spent on transportation and Rs.1,200 is paid for installation. The amount debited to machinery account will be :

Suspense Account is a :

Sales of Rs.1,540 to Mr. X was posted to his account as Rs.1,450. To rectify the error, Rs.90 will be ____ to X’s A/c:

An amount of Rs.6,000 due from Anshul, which had been written off as a bad debt in a previous year, was unexpectedly recovered and had been posted to his personal account. The rectification entry is :

A cheque for Rs.500 received from Yuvraj & Co. was dishonoured and debited to Discount Account. Due to rectification of this error, net profit will :

Sale to Mr.  of Rs.3,000 on credit was recorded twice in the sales book. The rectification entry is :

A cheque of Rs.1,000 received from Ramesh was dishonoured and had been posted to the debit of sales return account. Rectifying journal entry will be :

The beginning stock of the current year is overstated by Rs.500 and closing stock is overstated by Rs.1200. Effect on profit :

Rectification in next financial year is done through :

A Machine was Purchased for Rs.3,000 which was wrongly recorded in Purchase A/c. Due to this error :

Error of commission do not allow :

Which type of error occurs when credit sales is wrongly posted to Purchase Day Book :

When the total of trial balance is not reconciled, the account opened at this juncture is :

A purchase of computer was debited to Office Expenditure Account. This is an error of :

What will be the effect when return inward is wrongly entered as return outward ?

Total of sales book was understated by Rs.200. Rectification entry will be :

Sale of old furniture is erroneously entered in sales book. Rectification entry will be :

Sale of old furniture is wrongly transferred to Sales Account. Which type of error is this ?

Sales for Rs.5,000 was entered as purchase. The effect of this error will be :

A trial balance will not balance if

A cloth merchant purchased furniture and recorded in purchase day book. It is error of

Credit side of Rs.1,000 made to Sallu was passed through purchase book. The proper entry for rectification was the following :

A new machine was purchased for Rs.1,00,000 but the amount was wrongly posted to Furniture account as Rs.10,000 and cash received from debtors Rs.11,200 was omitted to be posted to ledger. The difference in Trial balance due to such error will be :

An amount of Rs.8,765 paid to M was debited to N’s A/c. The rectification of the error will :

Ram earned a profit of Rs.1,40,000 for the year 2008-09. But at the time of audit, the auditor found that Ram purchased a scooter on 1.4.08 for Rs.20,000 and charged it as revenue expenses. The auditor advised him to rectify the error now and to charge depreciation @ 15% on scooter. The correct profit after rectification will be :

‘A’ sold goods to ‘B’ on credit for Rs.15,000 but debited to ‘C’ instead of ‘B’. The entry would affect :

Bill accepted by Govinda was discounted with the bank for Rs.2,000. On the due date the bill was dishonoured. However, there is error of Omission towards Bills dishonoured. Journal Entry for rectification will be :