11. Errors which affect one side of an account are called?

Correct! Wrong!

12. Goods of Rs. 1,000 purchased from Mr. “A” were recorded in sales book, the rectification of this error will?

Correct! Wrong!

13. Which of the following account(s) will be affected, while rectifying the error of Carriage paid Rs.50 for the newly purchased machinery mistakenly debited to carriage account?

Correct! Wrong!

14. The Company incorrectly recorded a deposit of daily credit sales of Rs. 4,500 as Rs. 5,400. What is the appropriate entry, the company should follow regarding the error of Rs. 900?

Correct! Wrong!

15. Suspense a/c is not used in which of the following cases?

Correct! Wrong!

16. Failure to differentiate between capital and revenue expenditures so this error is called?

Correct! Wrong!

17. Freight expenses for moving machinery to factory are?

Correct! Wrong!

18. Error of Principle arises when?

Correct! Wrong!

19. Expenditure incurred on erecting machinery is?

Correct! Wrong!

20. Which account is generally used for Rectification of Errors?

Correct! Wrong!

Rectification of Errors (11-20)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

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