What kind of accuracy is tested by Trial balance-
  • Theoritical
  • Practical
  • Arithmetical
  • None of these.
How many methods are there for preparing Trial Balance –
  • One
  • Three
  • Four
  • None of these.
Which of the following is prepared on the basis of Trial Balance –
  • Journal
  • Ledger
  • Final Accounts
  • None of these.
Of the two sides of Trial balance does not tally, which Account is opened –
  • Suspense Account
  • Personal Account
  • Real Account
  • None of these.
The error which can be disclosed by Trial balance-
  • Error of ommission
  • Error of principal
  • Compensatory error
  • None of these.
Errors are rectified in this book-
  • Ledger book
  • Journal proper
  • Trial balance
  • None of these.
Errors Committed by omitting entries in the Journal book is called –
  • Error of commission
  • Error of principle
  • Error of omission
  • None of these.
If the trial balance does not tally after many efforts then following Account is opened –
  • Purchase account
  • Suspense account
  • Sales account
  • None of these.
Errors committed due to lack of basis principle of Accounting are called –
  • Compensating errors
  • Error of principle
  • Single sided error
  • None of these.
0 h : 0 m : 1 s

Answered Not Answered Not Visited Correct : 0 Incorrect : 0